beachbum77
Banned
You are missing the bigger picture.Donn:
If? The buyers already have pushed for more EVs. We knew that when the EV-1 came out.
The legacy OEMs are moving as sluggishly as humanly possible, for the most part. This is why Tesla is taking over. This is why the big auto companies in a decade will be Tesla, BYD, Geely, etc. and not the legacy OEMs.
This is how capitalism works. The OEMs can, in fact, choose not to go along; they just go bankrupt and get replaced by new companies. Most seem to have made this choice. :shrug: Weird on their part, but hey, it's why Tesla's a great investment.
The legacy OEM's answer to their shareholders. The legacy group are mostly all profitable. To do a major about face and go all EV would produce HUGE losses and cost many $billions. Tesla has racked up $11 billion in debt to get where they are but their shareholders expected that going in. The legacy shareholders would revolt if management tried this abruptly and all the CEO's would get canned. Then they have their global dealer networks to wrangle with.
You have to recognize their operating constraints. The fact Ford is committing $11 billion along with big changes at GM and Volvo is HUGE. Give them some credit for working towards EVs in their heavily shackled environments.
Tesla is like a 100 ft yacht surrounded by cruise ships. Tesla can be much more maneuverable since shareholders are along for the ride at this point solidly behind management.