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Seems like you both agree that it's difficult for new competitors to emerge. It's great that a very small number of extremely rich people managed to to gain som
by autoexec 3y ago
Seems like you both agree that it's difficult for new competitors to emerge. It's great that a very small number of extremely rich people managed to to gain some kind of entry into the industry, but that's not exactly compelling evidence that the barriers to entry don't disadvantage competition. Especially considering that I really only see Tesla's cars on the road and they are few and far between compared to the cars I see made by the entrenched "big three". Even with the efforts of billionaires, it's a massive uphill battle.