In short, if traditional automakers price their cars at a loss to compete in performance, they lose money on EV AND their ice customers stop buying ice (because beating tesla in price performance means trashing their own products). If they price their cars at NOT a loss, they lose in price performance, and people will just buy tesla. If they do R&D, well, they are just plowing money trying to shorten a gap with an innovating company, and technology advancements is fundamentally limited by brainpower In short, GG. and NO re. Guess where Kodak, Nokia is now?
Tesla recruited the smartest EV people in the world. They have been investing in development and infrastructure for 20 years. How could legacy auto with no EV experience catch up? They doubled down on ICE and failed. Tesla is reaching warp speed. No one will catch up. Especially not legacy auto with $100B in debt.
Why did CNBC doubt Tesla but have no doubts about Nikola, Nio etc…? How difficult is it to see the difference between those talking and those delivering? Who else has built the world’s largest battery factory or charging network or a factory in less than a year?
Well said! I think its game over! They will other options when it comes to EV as far as competition i just don’t see it right now or several years to come!
Passion always wins. The heart of Musk is in electric cars. The heart of Ford, GM and other CEOS is in raising earnings per share for shareholders. In the long run that attitude prevents you from pleasing customers. Tesla is not obsessed with earnings per share.
The other dilemma is, they have to give up making gas engines, throw out all of that technology that goes into making them and switch 100% to making EVs and spend billions retool all the existing factories. Also lay off thousands of workers they won’t need. The unions won’t let that happen. So the idea of any conventional US automaker going 100% to make EVs will never happen. Also, getting rid of the old dealerships, that won’t happen either. Why get rid of the dealerships. They aren’t needed and a problem that is happening now Is Ford Mustang Mach E with online sales is already a disaster. Dealers are already marking up sticker price 10-15K on the Mach E. Conventional US automakers will never compete against Tesla.
Excellent news but need renewable energy otherwise no matter
Tesla solar.
One.
China says Usa: noobs
In short, if traditional automakers price their cars at a loss to compete in performance, they lose money on EV AND their ice customers stop buying ice (because beating tesla in price performance means trashing their own products). If they price their cars at NOT a loss, they lose in price performance, and people will just buy tesla. If they do R&D, well, they are just plowing money trying to shorten a gap with an innovating company, and technology advancements is fundamentally limited by brainpower In short, GG. and NO re. Guess where Kodak, Nokia is now?
Tesla recruited the smartest EV people in the world. They have been investing in development and infrastructure for 20 years. How could legacy auto with no EV experience catch up? They doubled down on ICE and failed. Tesla is reaching warp speed. No one will catch up. Especially not legacy auto with $100B in debt.
Why did CNBC doubt Tesla but have no doubts about Nikola, Nio etc…? How difficult is it to see the difference between those talking and those delivering? Who else has built the world’s largest battery factory or charging network or a factory in less than a year?
Well said! I think its game over! They will other options when it comes to EV as far as competition i just don’t see it right now or several years to come!
How many more giga factories will they need for 10 mil cars a year? assuming that they get such demands from customers.
A typical factory has a capacity of 500k cars. More than that becomes a logistic problem and no scale benefit.
@Bengt Björck That’s for a “normal” factory. Elon will do something about it…
Passion always wins. The heart of Musk is in electric cars. The heart of Ford, GM and other CEOS is in raising earnings per share for shareholders. In the long run that attitude prevents you from pleasing customers. Tesla is not obsessed with earnings per share.
Tesla has no reason to slow down. Their mission is to turn every car on the road to EV. So, it’ll not stop at 10M car.
The other dilemma is, they have to give up making gas engines, throw out all of that technology that goes into making them and switch 100% to making EVs and spend billions retool all the existing factories. Also lay off thousands of workers they won’t need. The unions won’t let that happen. So the idea of any conventional US automaker going 100% to make EVs will never happen. Also, getting rid of the old dealerships, that won’t happen either. Why get rid of the dealerships. They aren’t needed and a problem that is happening now Is Ford Mustang Mach E with online sales is already a disaster. Dealers are already marking up sticker price 10-15K on the Mach E. Conventional US automakers will never compete against Tesla.
How’s the “establishment” going to fund the transition?
Carmageddon is coming soon and Tesla will be alone on top. All due to battery scarcity
Automakers want customers’ money.
Elon Musk wants the well-being of the human race.