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I have great respect for Munro but being giddy about Telsa competition getting “wrecked” is the wrong attitude. More competition in the market is always good f
by 10u152 3y ago
I have great respect for Munro but being giddy about Telsa competition getting “wrecked” is the wrong attitude.
More competition in the market is always good for consumers. We need more manufacturers doing more R&D and building competitive products. We shouldn’t applaud giving up or pulling out of the EV market.
- deleted 3y ago[deleted]
- schiffern 3y ago>>So many shorts have already been wrecked >being giddy about Telsa competition getting “wrecked” Except that's not what they said. If you're a capital allocator and you allocate capital badly, you're going to have a bad time. You had one job... I have slightly more sympathy for the automakers, but ultimately they're also sleeping in a bed of their own making. They dragged their feet (and/or actively fought electrification, a highly immoral choice given the impending climate chaos) for literally decades, and this is the entirely predictable outcome. On second thought, I changed my mind. I have zero sympathy for the (as historical experience has now revealed) lying lazy legacy automakers. Time for that "creative destruction" we're always hearing about.