There's too much regulatory capture for any newcomer to start up and produce anything different and not go bankrupt. Tesla was such a lucky exception; they had

There's too much regulatory capture for any newcomer to start up and produce anything different and not go bankrupt. Tesla was such a lucky exception; they had to raise tens of billions of dollars of investment and still were on the verge of bankruptcy multiple times. As an interesting anecdote, Ford was founded with the 2023 equivalent of less than a million dollars.