This article is totally full of BS. Tesla is making 20% profit every car. That’s how they have invested 20 billion dollars in new factories, have virtually NO corporate debt and 20 billion dollars cash. Other car makers are failing because they are bloated, not innovative, have hundreds of billions of dollars in corporate debt and are burdened with $5,000 per car in union costs.
I drove by their Austin facility, biggest building I’ve ever seen.
Tesla, besides being run far better than any legacy American auto maker in terms of costs, also has a reputation for producing an EV. The big 3 have a reputation for screwing up innovation.
Quirky, boutique products (EVs) are a completely different market than what the big 3 are good at.