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RE: The Future Of The Automobile Industry

in LeoFinance • 3 years ago

It isnt even the self driving capability. We look at the projected output of EVs by GM, using their own numbers, and it is 1 million EVs in 5 years.

Tesla will come close to that this year and is scaling at an astronomical rate. Where are a lot of Tesla's future sales coming from? Old GM owners.

How is the company going to operate, with its debt load, through an era where its ICE sales are declining and it has declining EV market share?

Plus they are looking at spending $35 billion to get to the point to produce 1 million EVs.

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3 years ago in LeoFinance by
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     3 years ago  

    This is massive:

    We look at the projected output of EVs by GM, using their own numbers, and it is 1 million EVs in 5 years.
    This is quite a head start:
    Tesla will come close to that this year and is scaling at an astronomical rate.
    They might be better spending this on Bitcoin:
    Plus they are looking at spending $35 billion to get to the point to produce 1 million EVs.

    Thanks for the information.