I simply don’t understand it. As a Tesla investor from IPO (no current holdings besides a sentimental single paper share), it was exceedingly clear during investor presentations that cells were going to be the bottleneck to mass EV production, and the gigafactory methodology was the path to success. Why did legacy automakers make no effort? My only explanation is that they thought I’d that they were overly confident in the status quo.
People don't remember now, but electric vehicles were not consider something that would be broadly adopted then.
And of course GM/Ford and others would simply let suppliers take car of that. Ford last CEO less then 2 years ago said things like 'there is no need to invest in battery factories, we can just buy them on the open market'. Of course since then the new CEO made a major deal with SK.
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I simply don’t understand it. As a Tesla investor from IPO (no current holdings besides a sentimental single paper share), it was exceedingly clear during investor presentations that cells were going to be the bottleneck to mass EV production, and the gigafactory methodology was the path to success. Why did legacy automakers make no effort? My only explanation is that they thought I’d that they were overly confident in the status quo.
https://www.tesla.com/sites/default/files/blog_attachments/g...
The first page tells you everything you needed to know. "It always seems impossible until it's done."
People don't remember now, but electric vehicles were not consider something that would be broadly adopted then.
And of course GM/Ford and others would simply let suppliers take car of that. Ford last CEO less then 2 years ago said things like 'there is no need to invest in battery factories, we can just buy them on the open market'. Of course since then the new CEO made a major deal with SK.