Almost all automakers are connected at the hip to a capital arm, so I think if anything they'd be unusually well positioned to take on the capex of building out

Almost all automakers are connected at the hip to a capital arm, so I think if anything they'd be unusually well positioned to take on the capex of building out a distribution network. Consider, by analogy, that banks and credit unions are unusual in commercial real estate for almost always owning their own buildings, for the same reason.