I mean this is EXACTLY what I'm thinking. Nowadays Ford and VW's CEOs are admitting that Tesla is in the lead big time. And the ones that don't....................well they may not be around in ten year's time to "lead the way". People don't understand the scale of what must be done for the ICE making companies to transition. I would literally run into the character limit on here explaining it. As a brief example, think about the financial carnage that's about to happen to these companies barely aiming for a couple million EVs by 2030. In 2030, there will be next to no ICEs selling. Toyota just announced an increase in EV production to 3.5 million/year in 2030.
2030?! Bad bad news. No one will want them, and gas prices will be skyrocketing, due to the loss of economies of scale as ICE production declines. And that brings me onto another issue, the double whammy of billions of dollars needing to be spent on new technologies in EVs, and the
simultaneous loss of economies of scale as ICE sales dwindle. Literally being hit from both sides.
Not many people get this (including some....err....high-level executives at *certain* car makers), and it will be really bad. Additionally, no one, and I repeat no one has the supply chain locked down like Tesla will. What happens when the Lithium production shortages in ~2024-2026 occur? Do you think the suppliers are going to want to give any lithium to other car makers when their long term customer needs lithium for 4+ million cars? Nope. And if they won't, Tesla will go into mining lithium. That's something that no car maker I think gets. Tesla will
literally do whatever it takes to transition the world to sustainable energy. They will master any skill they need. They are ruthless in this pursuit, as they urgently want the world to be in a better place.
Tesla is the new benchmark here, and everyone is trying to follow, whether they admit it or not. And honestly, I put the EV startups at a higher success chance than some legacy auto makers.