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In auto industry, past performance matters a lot. You do not see new car companies popping up left and right, because profitable manufacturing at scale is insa
by nopriorarrests 9y ago
In auto industry, past performance matters a lot.
You do not see new car companies popping up left and right, because profitable manufacturing at scale is insanely hard, and profit margins are not that great. So companies who acquired that knowledge tend to stick around. Unseating them is tricky, as Tesla M3 scale up illustrates.