spent too much time banned from Twitter - missed a lot of developments in Electrified Vehicle space.
for example Rivian is now worth just $11 Billion after being worth $150 billion in 2021. they are losing about $30,000 on every car sold with sales flat year on year.
and Lucid is doing about 5 times worse than Rivian.
basically it seems there was only ever room for one EV startup ( Tesla ) …
it was obvious to me most EV startups would fail but i thought Lucid would make it ( because their CEO designed Tesla Model S in the first place ) and i thought Rivian would make it ( because it was backed by Amazon )
but it seems like nobody is actually going to make it … it’s just going to be Tesla and Legacy and Legacy is adopting Tesla’s charging standard.
what Elon has achieved, for better or worse ( it is for the worse ) is remarkable.
the supercharger network was pure evil genius.
of course he isn’t the first one to try to screw the entire industry with a proprietary standard but Sony failed with their memory sticks and Apple failed with the lightning connector while Tesla Superchargers have actually won ( in USA anyway )