Automotive industry is much more complex - compared to eg. consumer electronics industry (mobile phones, PCs incl notebooks, audio/video devices incl cameras etc).
Sur it's alluring to apply cases and make comparisons from consumer electronics industry to automotive industry. But automotive industry is completely different story. Mainly due to the fact a car is product that has significantly longer life-cycle than any consumer electronics product - and it is much more difficult to develop & to produce than any consumer electronics product. Also due to tons of applied (mostly safety) regulation (and currently in ICEV & PHEV case also environment protection regulation). And such regulation is not universal around the globe - there are quite significant differences from market to market, which carmakers have to address to provide proper homologation for a car, so the car can be officially acquire a license plate and get permission to be a part of traffic on public roads.
Completely different situation from consumer electronics products, where there's almost no regulation. And R&D + production + sales + aftersales is much simpler & much quicker & much nimbler & more flexible than making automobiles.
Sure there's a potential danger for some automotive companies to fall back because they tend to rely on current business model (which in the end of the day is also a political issue - since the established automotive industry employs millions of people): sustaining & supporting current suppliers, current sales channels, current after sales services etc etc. But almost everyone in the automotive industry bar Tesla still relies on the current system - only applying required changes & corrections to make it work in the new BEV & AD era. And even Tesla is will have to build a proper sales & after sales network - selling 1.000.000 vehicles per year is completely different to selling 100.000 vehicles per year. Solutions that worked for limited customer pool won't work for much larger one.
Back to legacy carmakers ... Most of them are aware of the change & are getting ready for it. Sure regulation & legislation is much stronger drive than the market demand right now. The demanded compliance to the newest, stricter emissions regulation in the biggest markets (China, EU, California et al.) is the real drive. And the subsidies / government incentives for buying cleaner vehicle. Forcing legacy carmakers around the world to comply & to move on. And they are moving on. According to required compliance.
Sure BEV market is rising quickly & BEVs are increasing their market share. But a vast majority of vehicles are still (fully or partially) ICE driven - and they will be for at least 2 decades. Also due to limited supply of materials (rare earths) used for batteries & e-motors. No to mention in many markets electric grid is still not ready for mass BEV usage. It takes time to build up & to update the grid & charging network ... and supply chain for new material & parts etc. But ALL legacy carmakers are doing it. Some a bit more faster, some a bit more slower. But nobody is completely lagging behind.
Sure everybody is now obsessed with Tesla - sure, they are first & they are the best. And they are the benchmark. Just like some legacy brands are still benchmark for eg. performance, or comfort, or reliability, or versatility, or fuel consumption etc etc And others try to catch up. Some succeed, a vast majority don't. But that does not mean all the others fail & go out of business. Has everyone that could not provide eg. BMW-like or Porsche-like performance went out of business? No. Perhaps sales stalled for them for some time - but they addressed the issue. And the sales went up - either did they catch up or reinvent / reposition themselves.
There's absolutely too much drama about automotive industry. And people who tend to compare apples to oranges are oversimplifying the matter & overblowing the issue - and most of them are business professors & "gurus" etc who don't really know the specificity of the automotive industry well.
Also: being the first to the market also does not mean you'll stay the best in the market in the eg. mid-term. Tech does change. And eg. somebody who bets too much on eg. current battery tech could end up being a loser in the end. Since as we know - shifting from one tech to another is more difficult than starting with that new tech in the begging. Eg. Toyota is betting like everything on solid-state batteries. And that's also why German carmakers are not getting into battery cell business right away right now. They might. Someday. When the new tech is out & ready. And then the tables will be turned. It's a cycle. It's a circle.
Sensationalist doomsday scenarios are good for attraction readers. Especially in digital media in this digital era. But they are hardly good analysis & assessment of the real situation (in a certain industry, market etc). For that you need data. A lot of very specific data. That nobody has. Because it's not public. Perhaps some inteligence services & agencies are pursing that. I'm sure they are. The industrial espionage etc. But neither general public nor professional one has the access to the most important data.
As said before: the real danger to the (legacy or brand new) carmaking companies is the software part of the equation in the digital car era. The content. Most of them will definitely lose that war. IT giants are just too strong & much better provided with various resources. Alphabet, Apple, Amazon, Baidu, Alibaba, Tencent. Got the pattern? US & China only. And that's it. No EU, no Russia, no India, no ...
The real long-term danger to automotive industry are the IT sector & the content providers. There's a danger carmakers will be reduced to hardware producers only - when the big money & biggest profits will come from the content, from the software.