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The epic fight over who controls the future of the auto industry is about to get a whole lot more interesting.
Tesla Inc, the pioneer and pacesetter, has dominated the early rounds of the new-energy age, capturing investors’ imaginations with a vision for what the next generation of vehicles looks like and seizing the nascent market for fully electric vehicles (EVs).
In the other corner are giants of scale: Volkswagen AG (VW) and Toyota Motor Corp. The world’s two biggest automakers each sold about 10 or 11 vehicles for every one Tesla did last year realize the age of the