Automakers Now Facing The Money Pit Of Keeping Up With Tesla

There’s a new wave of electric vehicles on the way—GM, Ford, Mercedes, Volvo, VW, Nissan, Renault, Hyundai, and even such humble brands as Mazda, Seat and Dacia all have new plug-in vehicles on the road or in the pipeline. Furthermore, a slew of startups, including Rivian, Lordstown, Aptera, Nikola and Fisker, will soon be debuting a range of exciting EVs.

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malba2367 - 11/13/2020 2:04:07 PM

+4 Boost

There is going to be a bloodbath...it is a 2 way street, Tesla is going to have start competing with vehicles that aren't $h%tboxes....it starts with the Mach E, and then the upcoming Nissan and VW evs.

malba2367 - 11/13/2020 2:08:33 PM

+2 Boost

The German luxury makes have it even worse, because there is not much they can do to differentiate themselves and justify the high prices. Ford and GM are actually in the best position to succeed because they can concentrate ICE resources on a few high profit lines and let the remainder of their ICE vehicles age and cut prices to keep them moving...this will free up capital for the EV lineups.

ricks0me - 11/13/2020 2:59:43 PM

0 Boost

AGENT 009 said: Automakers Now Facing The Money Pit Of Keeping Up With Tesla

Fake News!!! I can't believe what I am reading. Since when does every automaker benchmark themselves against Tesla?

AGENT 009: How about this for your next piece of so called journalism >>>
Tesla now facing Money Pit of stepping up their quality control. We won't even mention Smoke & Mirrors in the bookkeeping department.

SanJoseDriver - 11/13/2020 8:01:31 PM

+2 Boost

Not fake news, many other automakers have mentioned this directly including VW and Honda.

runninglogan1 - 11/13/2020 9:02:04 PM

+2 Boost

Tesla's new manufacturing technologies are going to be game changers. The industry will again have to scramble to catch up.

ricks0me - 11/14/2020 9:10:02 PM

0 Boost

Rick said: Fake News!!! I can't believe what I am reading. Since when does every automaker benchmark themselves against Tesla?

SanJoseDriver said: Not fake news, many other automakers have mentioned this directly including VW and Honda.

Link Please

SuperCarEnthusiast - 11/15/2020 11:45:41 AM

0 Boost

No real demand for the ramp up for EV in the U.S. other then for Tesla models! Going to have a lot of unsold EV in the dealerships in 2021 and beyond.

malba2367 - 11/16/2020 10:34:04 AM

+1 Boost

If market forces are left to their own there is not much real demand right now until you get to 46-50k price range...but you are discounting the effect of governmental intervention.

ctsang - 11/16/2020 1:44:24 PM

+1 Boost

RIP if not keeping up