General Motors and Ford have only just started playing the game. Everyone is acting like Tesla is the only one who thought of electric cars. The big boys have been playing with the idea for years, but electric cars just aren't economically viable due to battery limitations.
Batteries are getting better. There will be a tipping point when batteries are "good" and electric cars are economically viable. General Motors and Ford haven't been sitting around with their thumbs up their asses. They can flip a switch and flood the country with electric cars when the time is right.
The entire Volt car line from GM was a "lol, let's see what happens" experiment. And I don't know about you, but I saw 50 Volts for every 1 Tesla on the road.
The bigger car companies can’t pivot as easily and they sink a huge portion of their spending into manufacturing combustion engines, this includes supply lines and facilities. If they were to go all in to compete with Tesla they’d have to scrap their entire operation from the ground up and eat upwards of $250billion in losses due to dropping combustion engines. They simply don’t have the capital or the ability to start an entire new type of vehicle production.
If they were to go all in to compete with Tesla they’d have to scrap their entire operation from the ground up
This was an insightful observation in 2005. Of course you're right that the entrenched automotives can't spin on a dime. Which is why they didn't. Which is why they've been doing their slow lumbering march towards electric cars over the past 10 years. Tesla blew their surprise attack window. The company was founded in 2003, 17 years ago. GM, Ford, Mercedes-Benz, BMW, Nissan, Honda, and Toyota aren't standing around with their dicks in their hands.
They just launched their model Y way ahead of schedule, what makes you think their stock will tank?
General Motors and Ford have only just started playing the game. Everyone is acting like Tesla is the only one who thought of electric cars. The big boys have been playing with the idea for years, but electric cars just aren't economically viable due to battery limitations.
Batteries are getting better. There will be a tipping point when batteries are "good" and electric cars are economically viable. General Motors and Ford haven't been sitting around with their thumbs up their asses. They can flip a switch and flood the country with electric cars when the time is right.
The entire Volt car line from GM was a "lol, let's see what happens" experiment. And I don't know about you, but I saw 50 Volts for every 1 Tesla on the road.
The bigger car companies can’t pivot as easily and they sink a huge portion of their spending into manufacturing combustion engines, this includes supply lines and facilities. If they were to go all in to compete with Tesla they’d have to scrap their entire operation from the ground up and eat upwards of $250billion in losses due to dropping combustion engines. They simply don’t have the capital or the ability to start an entire new type of vehicle production.
This was an insightful observation in 2005. Of course you're right that the entrenched automotives can't spin on a dime. Which is why they didn't. Which is why they've been doing their slow lumbering march towards electric cars over the past 10 years. Tesla blew their surprise attack window. The company was founded in 2003, 17 years ago. GM, Ford, Mercedes-Benz, BMW, Nissan, Honda, and Toyota aren't standing around with their dicks in their hands.