Part 5/5:
The Bleak Outlook for Legacy Automakers
The legacy automakers are in a very dark place, desperately trying to cut costs and raise prices on their ICE vehicles, while their EV plans are lagging behind industry leaders like Tesla. The expensive part of the transition has hardly begun, and they are already struggling with profitability, plant closures, and layoffs.
As the light at the end of the tunnel for the legacy automakers may just be a freight train called Tesla, the future looks bleak for these once-dominant players in the automotive industry.