I follow your logic and would basically agree. I feel like the OEMs are thinking that Tesla won't be able to put out as many cars as they have predicted (50%+ CAGR) and that if they produce EV's that meet the requirement, those vehicle will all sell out. And while that may happen, Tesla will be most likely *saturating* the market with superior vehicles.I wonder if the proposed EV Rebate package could unwittingly destroy the OEMs. I'd venture a guess 75% of truck owners don't really need a truck. I fall into that category. If a potential buyer wants to buy an F-150 but figures out the electric version is better and they will get a 12,000 dollar rebate if they wait, why would the buy the ICE F-150? They may just wait for the Lightning to become available and that will take years.
The question for me is: What market share will competitors have for the truck market in 2024? Tesla will most likely have a 1M/yr run rate at that point and be selling every single one they make...before it is made at a multiple of the legacy OEMs profiit margin.