What exactly does it mean to "oversupply" something? The only way I can interpret that is they make so many cars and batteries that inventory hangs out in warehouses, unable to be sold at any price. How exactly is that bad for consumers?
That is the argument Milton Friedman made.
"But, but, but, monopolies!" I hear people sputter. Yes, companies trying to compete with them now may fail.
Sounds like you know what the problem is. Think of it like the DeBeers diamond cartel on steroids.
When the subsidies stop, I'm confident new companies will pop up to fill the void.
Then the subsidies will start again until those new companies disappear.
... other than the chinese. MKBHDs review of the Xiaomi SU7 is a real eye opener.
Do you mean this review: https://www.youtube.com/watch?...
and $387,000 on a Swiss watch.
He would have gotten more functionality and style from a smartwatch.
It's not hard to admit errors that are [only] cosmetically wrong. -- J.K. Galbraith