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Originally Posted by zamler
"Waiting for the right time" is a hilarious take it's another way of saying we'll follow and hope for the best not innovate. I do find it odd that some think energy storage is an abstract concept or it just magically exists. It's quite simple but insanely challenging at the same time, make billions of reliable battery cells cost effectively.
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Why would they spend tens of billions to develop an electric car, when emissions weren't as big a deal as they are now, on technologies that are rapidly advancing, all to sell vehicles for 5 years that barely break even? Doesn't that seem ridiculous to you? Tesla will be abandoning the battery tech the spent so long developing with barley any profit form it as they shift to new, better technologies. So why jump in when you can't make an affordable car, rather than wait until you can? Does the industry owe Tesla a huge debt of gratitude for going through the process? Absolutely. But it doesn't make it a dumb business move to sit on the sidelines for a bit.