The financial spotlight is on the auto companies that will produce electric cars, especially on… The next automotive revolution will be electric, or so they say. The financial spotlight is on the car companies that will produce them, and especially on pioneer Tesla Motors , but are investors getting things wrong? Isn’t there equal or perhaps far greater value in enabling electric vehicles? Today internal combustion or diesel engines still power almost everything that moves on the road. Making that possible are 150,000 gas stations in the U.S. alone that dispensed more than $300 billion of motor fuels last year. The nation’s largest oil company, Exxon Mobil —just one of many and a midget in global terms—is worth seven times as much as its biggest car company, General Motors . By contrast, even with its vehicles comprising well under half of 1% of light vehicle sales this year, Tesla […]