Tesla's Impact on the EV Industry and Jobs

The peak of the American auto industry came all the way back in 1979 , when nearly 20 million people were employed by the manufacturing industry.

Ronald Reagan took office in 1981 , and by the end of that year , the domestic manufacturing sector would experience a significant downturn from which it would never fully recover.

Reaganomics was a governing strategy generally defined by low taxes, low spending, and free market capitalism.

The Japanese economy took off like a rocket and their consumer electronics flooded the US market.

By the time the 90s came around, foreign cars were here to stay.

The American brands have been desperately and unsuccessfully trying to play catch up the entire time.

Tesla entered the US auto industry into a total void of innovation or creative thought.

Tesla arrived at a time when US automaker had been in steep decline for decades .

The rise of Tesla has opened up the door for a whole new generation of American car makers.

Tesla may have been the first American company to specialize in electric vehicles and build their own battery plants, but they are definitely not the last.