Hello. Many people are currently interested in the stock outlook for American automobile companies. As trends in the automotive industry, such as electric vehicles, autonomous driving, and mobility software, are rapidly changing, it is expected that the market will look completely different in ten years. Therefore, I will summarize how the stock value of American automobile companies is likely to fluctuate over the next decade in a more narrative style.

First, we cannot overlook the issue of transitioning to electric vehicles. Major American automobile companies like Ford and General Motors, as well as Tesla, which is already leading the electric vehicle market, are all making large-scale investments in electrification strategies. Ford is introducing electric pickup trucks like the F-150 Lightning, attempting electrification in the most popular vehicle segment. General Motors is also expanding its electric vehicle portfolio by launching various models from the Bolt to Cadillac electric vehicles based on the Ultium battery platform. Tesla has already established a unique brand power in the electric vehicle market, and it may further widen the gap by enhancing battery technologies and autonomous driving solutions.

Next, the importance of autonomous driving and software competitiveness is increasing. We are moving into an era where it is difficult to fully explain the value of a car solely based on engine performance or durability. The advancement of autonomous driving technology and the convenience of software platforms integrated with various infotainment systems are having a greater influence on purchasing decisions. GM's autonomous driving subsidiary, Cruise, is already conducting urban unmanned taxi experiments, and Tesla is providing its Full Self-Driving (FSD) feature in beta service form, accumulating vast amounts of driving data. Ford has also been actively involved in the past by investing in the autonomous driving startup Argo AI alongside Volkswagen.

How quickly companies adapt to and engage with electric vehicles and autonomous driving technology is likely to directly impact stock trends in the next ten years. Additionally, as electric vehicle production expands, issues related to the supply of battery raw materials (such as lithium and nickel) will become more significant, and how to secure battery production and supply chains within the U.S. will also be a major topic. This is why GM and Ford are looking to establish battery plants in North America. To avoid falling behind in the electrification era and to increase market share, they need to secure stable raw material procurement and mass production systems.

Moreover, it is important to consider that the automotive industry is sensitive to macroeconomic conditions. Ten years can be both a long and short time, but during that period, economic recessions, inflation, and policy changes can occur multiple times. If consumers' financial situations worsen, car purchases may decline, while favorable environmental regulations or subsidy policies could lead to a surge in electric vehicle sales. Therefore, if you are considering medium to long-term investments, it is advisable to carefully examine how robust each company's financial structure and competitiveness are.

In summary, it is not an exaggeration to say that the stock value of American automobile companies in the next ten years will depend on how successfully they establish themselves in the competition of electrification and autonomous driving. Tesla may further solidify its current strengths, while traditional automobile companies could form a new landscape through bold investments and technological innovations. Above all, flexible responses to production systems, supply chains, software capabilities, and market conditions will likely be the key to success or failure.

Ultimately, in ten years, the automotive market may look completely different, which presents both a significant opportunity and a risk factor for stock investors. By continuously monitoring rapidly changing technological trends and environmental regulations, observing how proactively each company moves could greatly assist in formulating future investment strategies.