Zero: The Climate Race Is Tesla’s EV supremacy in the rearview mirror?
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Apr 3, 2025 Craig Trudell, Bloomberg's global automotive editor, dives into the dynamic electric vehicle landscape. He discusses Tesla's evolving status as competition ramps up, particularly with BYD's groundbreaking battery that charges in just five minutes. Traditional automakers face significant hurdles as they pivot to EVs, while China's innovations are reshaping the industry and expanding into new markets like Nigeria. The shifting political climate in the U.S. adds another layer of complexity, influencing consumer incentives and the future of the auto industry.
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Ford's EV Gamble
- Ford's ambitious EV efforts, including the creation of a separate EV business (Model E), resulted in significant financial losses.
- Their rushed release of the F-150 Lightning, influenced by Tesla and GM, contributed to the setbacks.
Stellantis' Struggles
- Stellantis, formed from Fiat Chrysler, experienced substantial financial losses due to difficulties in transitioning to electric vehicles.
- Their heavy reliance on gas-guzzling trucks and SUVs made the transition challenging and costly.
Tesla's Slowdown
- Tesla's narrow product lineup, a strength during the pandemic, became a weakness as growth slowed and new models were delayed.
- Elon Musk's acquisition of Twitter further complicated matters, diverting attention and resources.