One of the themes that investors have seen play out in recent months is the triumph of newer companies over their more mature counterparts. Nowhere has that been clearer than in the auto industry, where Tesla (NASDAQ:TSLA) and a host of electric vehicle upstarts have made well-established automaker giants seem hopelessly out of date.
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On Tuesday, though, Ford Motor (NYSE:F) and General Motors (NYSE:GM) managed to post bigger gains than Tesla's stock did. Value investors hope that it might be time for legacy auto giants to shine, but today's move higher was just a tiny step toward coming close to regaining supremacy in the industry.
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