- The auto industry revolutionized rapidly before, and can do so again.
- All history may be bunk, but investors can still learn from the past.
- Tesla has the potential to be transformative, though it's still a long shot.
- Tesla's target of 500,000 vehicles by 2020 is achievable within the context of the overall market.
- China, not the US, is likely to be main driver of Tesla sales growth.