the vertical integration at tesla has only begun, and they’re pulling further ahead from their 5-10 year head start.

Sandy Munro tells you that legacy carmakers will not catch up. They needed to start 5 years ago or earlier. New entrants have a better chance of catching Tesla. Legacy carmakers will have to get rid of factories, unionized employees, have retirement expense obligations and many other issues to make the transition. The dealer network is a problem for the old car companies.

there will probably be another bailout. if you add in the problems with the supply chain (no access to chips), they’ll lose a lot of money in 2021.

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