Regulatory assistance was always a huge part of Tesla’s business plan. Whether it is on the consumer side (rebates) or corporate side (credits). As for demand,

Regulatory assistance was always a huge part of Tesla’s business plan. Whether it is on the consumer side (rebates) or corporate side (credits). As for demand, you are missing the big picture of the technology adoption curve. There is a massive learning curve which needs to be climbed in terms of producing EVs and particularly batteries at the scale required. Never mind the charging infrastructure or changing consumer habits. The market is growing as fast as possible and is totally supply constrained and will be likely for the next decade plus. It’s not that the big 3 aren’t even trying. It’s that they can’t try. If you are buying 3rd-party assembled batteries and motors to put into your EVs you are likely able to produce a meaningless number of units at a near zero or negative margin. They were never going to invest the $20 billion in R&D to canabalize themselves. It always had to be an outsider who would have to make the push.