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Until the late 1990s, one of the best-selling products at the plant where Tetreault worked was clear acetate pages for overhead projectors. Those have become obsolete. So while foreign competition played a role— Diatec sent Tetreault’s work to its plants in Germany and Switzerland—the brutal forward march of technology did, too. In 2007, Slaughter and Lawrence contributed to a proposal to broaden TAA. Their goal was to expand wage insurance and retraining assistance for workers affected by technological change and other factors as well as trade.

His company estimates that by 2020 there will be 5 billion Internet of Things devices in use, compared with 4 billion smartphones. But most IoT devices will cost $1 or $2 and won’t need replacing for 5 to 10 years. So companies must dabble widely—in drones, consumer robots, wearables, smart homes, cars, and elsewhere. “That cocktail is the next big wave beyond phones, rather than one big new segment,” Mawston says. In the short term, even aggressive diversification won’t necessarily protect smartphone suppliers.

Car shopping data suggest there’s more to Musk’s claim than just bravado. com. Almost 29 Model 3 in late 2017. S. 2% Toyota Volvo’s Samuelsson. 3% Lexus that will target Tesla’s Model S sedan. 6% Porsche Model X SUV. And Mercedes is plan11% Subaru ning four EVs to take on Tesla. 6% Volkswagen of traditional luxury brands. 5% Infiniti match lower demand. S. 7% Lincoln Stuart Pearson, an analyst at Exane BNP Paribas. COM at “those looking to spend roughly 30 percent consider BMW, and $40,000 on a car, and that’s the core about 20 percent look at Audi and target market for BMW and Mercedes Mercedes models, while 12 percent basically,” he says.

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