We'll soon find out what the relative difficulty of scaling from scratch vs switching at scale truly are.
Concretely they are building up joint ventures with all major manufacturers .
Edit: BMW by comparison, does not seem to have a plan, has not worked towards a cultural shift towards EV, etc... Tesla might well eat their lunch for years to come...
If my mortgage payment depended on view count I would definitely have a bias whether I meant it or not.
A disproportionate number of journalists come from the Upper and Upper Middle classes. They're sent to private school then study something fluffy (English, Politics, Psychology) and then go work for one of the big national papers.
They don't need to work so can spend their time promoting their causes.
I ran the numbers a while back, for a similar discussion. They've grown faster than Amazon ever did, for a decade. It's kind of astounding. No, they're not profitable - and they shouldn't be. They're about a tenth the size of a major manufacturer like Toyota or GM now. If they want to play in that league, being profitable is fiscally irresponsible. They should be squeezing every cent they can out of investors and burning cash like they need it to keep warm, because that's fueling this astounding growth.
Insisting that they be profitable or not take loans or stock sales to raise cash is a complete misunderstanding of how high growth companies work.