Quote:
Originally Posted by Erick Estrada
Again I will state that it's a long game here and leave it at that. We are talking about a sales segment that makes up less than 5% of all automobile sales. There's no need for other automakers to catch up for a segment that's this small at the present time and won't become significant for another decade. Things are happening behind the scenes with all automakers as they haven't lasted half centuries just to fold their tents to an upstart manufacturer. Just because they aren't producing them today it doesn't mean they won't be coming. The reality is that even early attempts like the Ford Mach-E will start diluting Tesla's EV market share and as more and more other options turn up it's going to shrink more and more.
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Doesn't really matter if it is 1% of the world's automobile sales.
Because the demand is still there, and the demand is growing.
You also have states in California saying they want all EV in state as of 2025. That is the 6th biggest economy in the world.
Which other EV manufacturer has the ability to even come close to meeting that demand right now?
I think you don't understand what we are talking about here, and are approaching this as if the legacy automakers can just plop some money down and make something happen.
There has been over $100 billion dumped into EV development by the legacy automakers, and most of them have very little to show for as of Sept 2020.