>Tesla, Rivian, and the Chinese EV makers The iPhone on wheels paradigm shift has been stated like a decade ago and as usually the incumbents just can’t cross

>Tesla, Rivian, and the Chinese EV makers The iPhone on wheels paradigm shift has been stated like a decade ago and as usually the incumbents just can’t cross it while at the same time the new companies are successfully exploiting it. Not surprisingly it coincides with EV transition - both are enabled by cheap electronics and EV voids incumbents’ ICE tech moat.