When it comes to commodities supply and demand is almost everything.
The low cost commodity producer wins.
iPhone vs. Tesla: it’s far fetched to compare an under $1,000 consumer electronics product to a $50,000 one. The issues here are the willingness and ability of incumbent car makers to disrupt their cash cow models and the cost of electricity falling faster than the cost of fossil fuels. The electric drivetrain has a sure advantage over the ICE drivetrain.
But Tesla, the car, is only one part of the puzzle.
Denny Schlesinger