This particular section of the BITOG Forums is for discussion of Electric Vehicles. The topic of my original post was to point out how Tesla has now manufactured 5 million EV's and most impressively a million of them just in the last 6 months.
Pointing out how many vehicles in total are being manufactured by other makers and what their sales figures are is irrelevant to this discussion. How many EV's they have made,and how proitable they are are the relevant points and tangentially, how their slim profit margins on their ICE vehicles means they don't have much capital to invest in the emerging EV market.
If "EV's are like remote controlled toys" and "anyone can build them" what are they waiting for ?
Don't you think the legacy automakers would love to build and sell a million or so EV's a year at a 20% margin ? I guess just anyone can't build them. At least to perform like a Tesla in consumer's hands and certainly not to perform like a Tesla on the balance sheet.
I saw a news report that the UAW crybabies are pushing back against their employers increasing EV production. Their claims are that it takes less workers to build an EV. I guess they will demand another wage increase to make up for their lack of work when more EV's are being built, especially with increased use of robotics.
But they will continue on with their ICE vehicle production as long as they can. I get it. The demand for EV's is still tiny compared to the overall ICE market. But every year that they continue to operate as they have, Tesla is still moving ahead.