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It’s Tesla versus everyone else in the race for EV dominance (www.theverge.com)

submitted 1 year ago by Madison_rogue@kbin.social to c/tech@kbin.social

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In this episode of Land of the Giants: The Tesla Shock Wave, Tesla’s share of the EV market is dwindling as more automakers pile into the space. How does the competition stack up?

Despite the clickbaity title, it's worth a discussion. Can Tesla separate itself from its CEO and remain viable when other automakers ramp up their EV production?

NOTE

This piece does not include any mention of the more recent news that automakers have an agreement to use the Tesla charging interface as the industry standard.

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[–] AlternateRoute@lemmy.ca 0 points 1 year ago (1 children)

I think BYD, VW and Hyundai may be the only ones other than Tesla NOT losing huge amounts of money on every EV. If you go check the financial break downs for other brands, especially Ford now that they broke out the numbers for EVs they are losing A LOT of money on EVs.

GM is about to discontinue the Bolt which makes up the majority of their EV sales volume if you ignore their Wuling partnership.

[–] Spiff@kbin.social 1 points 1 year ago* (last edited 1 year ago) (1 children)

Good news! The Bolt will live on.

[–] Madison_rogue@kbin.social 1 points 1 year ago

That is good news! However, I have to mention...

In April, General Motors said it would stop making the Bolts by year end to focus production on two electric trucks — the GMC Sierra EV and the Chevy Silverado EV — despite the Bolts delivering strong sales.

Fucking GM always putting all their eggs in their trucks or SUVs. This is how they got into trouble before they went bankrupt in 2009. This aspect of their business model is unsustainable, and drives customers away (like me). Hopefully a wider variety of EV models (sedans GM...plz) will come along with that.