Because the industry is consolidated enough that it’s possible for them ignore consumer preference and focus on high margin, low capital investment projects to pump stock values.
Now there is a set of new competitors not beholden to the pressure of the US/Japanese/European/Korean stock markets that are threatening to take massive market share, (Chinese EV companies).
Goddamnit, why wasn’t this a thing 3 years ago, when we were LOOKING for an EV in this price-range?
Because the industry is consolidated enough that it’s possible for them ignore consumer preference and focus on high margin, low capital investment projects to pump stock values.
Now there is a set of new competitors not beholden to the pressure of the US/Japanese/European/Korean stock markets that are threatening to take massive market share, (Chinese EV companies).
“we”? Aren’t people still looking for EVs in this price range?
I meant my wife and I, specifically.
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