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Originally Posted by Fuzz
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.
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You do realize they are literally spending tens of billions already?
Ford, GM, VW....all of them have invested billions in EVs already and have pretty much nothing to show for.
From 2018.
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DETROIT (Reuters) – Ford Motor Co’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows.
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https://www.gteccanada.ca/global-car...tric-vehicles/