VW has pulled back from the EV craze and decided to continue developing gas engines. They’ve moved most of their future development budget back into real car engines.
The EV craze was partly motivated by Elon’s cult power and partly by Share Value imperatives.
Elon’s prank follows the model of GM’s pranks from the ’50s to the 70s. Create a trend that only GM can really benefit from. Persuade the competitors to use the “new technology” or follow the “downsizing” because everyone must follow GM. Then yank the football away, or simply let the competitors realize that they can’t benefit because they’re not GM.
Smart mice understand that they’re not cats, so they can’t do what the cat does. The cat is ALWAYS trying to pounce and eat you. Every time you follow the cat’s move you’re playing into the cat’s claws. Smart mice amortize their OWN special skills instead of trying to adopt the cat’s skills, which is IMPOSSIBLE.
The Share Value part of the EV craze is more generalized. Along with wind and solar “power”, the craze was pushed by IPO fraudsters as a way of gathering VC money. Now the VCs can’t get free money, so the IPOs have faded fast.
THANKS, POWELL!!!!!
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