The big incumbents (US, EU, Japanese) have high cost bases and may struggle to compete on price with Tesla, as well as emerging Chinese competition. The real "

The big incumbents (US, EU, Japanese) have high cost bases and may struggle to compete on price with Tesla, as well as emerging Chinese competition. The real "secret sauce" behind Tesla right now is that they've figured out how to produce affordable, desirable EVs at scale while maintaining industry-leading margins.