Manufacturing prowess helps explain why Tesla’s valuation(not an Elon fan!) can be worth more than most of the legacy manufacturers combined. Innovation is their moat. But it’s the others whose worth is shrinking—there’s no path to EV mass production. So why would you bet on them?
It's not enough to make batteries; you have to be able to make them economically.

It's not enough to make EVs; you have to be able to make them economically.

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