True, if they're going to price under Tesla, they'll need the courage to be unprofitable until they have the volume to get positive.

Another issue is subsidies. Carmakers have enjoyed billions from the states... https://www.reuters.com/article/us-toyota-mazda-jobs-factbox...

That's not counting an $80b bailout... https://www.thebalance.com/auto-industry-bailout-gm-ford-chr...

And what about gas prices being artificially kept low with subsidies... https://www.nrdc.org/experts/danielle-droitsch/time-us-end-f...

So the true cost and TCO of an ICE car is not at all obvious to compute compared to an electric.