I kind of like that misguided storyline because it's so mind-numbingly stupid it's entertaining. That perspective is completely blind to the fact that the auto market is really huge compared to total EV sales of only 2% and thus sales of EV's from the OEMs don't gut Tesla EV sales, they slice off increasingly larger portions of the OEM's own gasoline car sales. Their perspective is so oblivious to what's actually happening on the ground it's hilariously entertaining.
The story should be: "OEM EV's are competing with their own gasoline offerings, vehicles they have spent decades developing to achieve margins they still can't manage with their fledgling EV offerings. They are stuck between a rock and a hard place because the more EV's they make, the less profit they generate. On the other hand, if they don't manufacture EV's in high volumes, they cannot achieve the necessary economies of scale to compete with Tesla, the leader in EV manufacturing. Tesla continues to expand production of EV's, lowering production costs and making it ever more difficult for the large OEM's to compete. Meanwhile, Tesla has already achieved higher margins on EV's than the OEM's have with their gasoline offerings which Tesla sales are eroding in ever increasing numbers. The only hope for OEM's is to hope they can match Tesla's EV volumes and efficiencies before they go broke."
Instead they say "Look out Tesla, here they come!".
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