I think this explains their delay to electrify, but at this point they all realize Tesla is an existential threat that must be competed against. They essentiall

I think this explains their delay to electrify, but at this point they all realize Tesla is an existential threat that must be competed against. They essentially let Tesla prove the market and now they know what their competing with. Dealers and service revenue is the analog to the buggy whip industry, it has to go. On what time horizon is the question.