NUMBERS show there is no “war”: there is a neat dominace of ...
NUMBERS show there is no “war”: there is a neat dominace of the only pure EV company producing 1.5 mil cars with >30% margin. The second -BYD- still produces about half hybrids with an overall 1/11th profit compared to Tesla. All the others are far from mass production -as industrially intended- to get economies of scale and are still at loss, probably for a couple of years more. Combustion engines car companies have the huge problems of their former colossal debts, of the dealership system (in the US at least) and of the number and variety of their factories that need to be converted to electric. But they don’t have nor the human resources (engineers, tecnicians and trained workers), nor the capital to do that, as their source of income is losing 20% sales per year. They thought they had 10-15 more years, it turned out that they have NO MORE time and they are getting quickly behind. Some of them still refuses to accept the fact in its magnitude… They ask for help ( their management should be instantly fired) and convince the governments to use taxpayers (or inflationary printed) money to help the transition ti EVs, and this may buy them some time but in the meantime they will keep losing market shares in favour of who is ready (basically Tesla). Of all that money, Tesla will get the most, with even higher margins, and the distance will grow by the day. There is no “competition is coming” as such: a lot of new EVs, some decent too, but yet not mass produced and produced at loss. Some new brands will grow and do well, some old brands will have serous problems and may need a government bailout, but no one will be able to run as Tesla. Just imagine Volkswagen in Germany having to rethink, re-do and retool a dozen of different factories in different locations, re-train the worforce, hire new ingeneers with electric powertrain and software knowledge while having to keep the ICE production going on to hardly finance the shift… it’s a mess. Now, the VOLKSWAGEN group had the perfect solution and a clear path (thanks to Diess, the CeO they just fired): getting a TON of money with the next PORSCHE’s IPO as a separated EV brand on the stock market. That is quoted to receive some 80-100 billions ! But it turns out the Porsche-Piech family and the other shareholders prefer to do the shift with the government’s help and pocket that tresure, instead of using it all for the shift… That’s why the new CeO of the Wolkwagen group is the former Porsche CeO…
German TAXPAYERS, you will be fooled (as the americans). The good news (for Tesla shareholdees) is that the Gigaberlin expansion will probably result for free, as the government will largely finance the EV shift…
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TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
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