Car companies arguably operate in _the_ most heavily competitive and capital intensive industry on Earth. Like airlines, there's an argument that they can only

Car companies arguably operate in _the_ most heavily competitive and capital intensive industry on Earth. Like airlines, there's an argument that they can only manage to exist due to government subsidy. If Tesla evaporated tomorrow, Hyundai/Kia would likely eat their lunch; in a few years, GM will be ready. It's a brutal business, which is why I think it's fascinating.