Comment by toomuchtodo
19 hours ago
Sure, I know and admit these people exist. I did extensive market research on the US EV TAM before being a late private early public investor in Tesla (~<$20/share), riding in the first Roadster to evaluate the product, etc, and even with updated models to account for socioeconomic strata that continues to bifurcate, I believe my thesis holds around who and who cannot to afford to buy new vehicles at current price levels (it’s definitely gotten worse than 15 years ago, for gestures broadly at everything reasons). I’m saying, broadly speaking, all of the purchasing power is mostly in urban areas, although there are some exceptions in the middle of nowhere as you commented. This does not mean we should leave Rural America out in the cold.
Fundamentally, if we expect Rural America to buy affordable EVs (which, imho, they will need to do, and we should crank on policy to achieve), someone will have to force them to be affordable. Allow cheap, high quality Chinese imports, or nationalize an automaker as they approach failure. But right now, Rural America is captive to a parasite US auto industry profitmaxxing by minimizing production and maxing their profits, protected by tariffs. You cannot compel them to make affordable cars currently, but if you don’t, Rural America is fucked.
“You can just do things.”
(no current TSLA exposure, out long ago around “420 funding secured,” but still own a handful of Teslas out of sentimental reasons)
We absolutely should not go down the road of nationalizing companies and means of production. The government already has too much influence and control over our lives, we don't need them taking even more by using their power to gobble up failing companies.
We should watch how poorly its going trying to have NYC own something as simple as a few grocery stores. If the government is stepping in to make things cheaper they're destroying competition in the entire industry. They either inadvertently end up owning the entire industry by driving out all privately owned companies, or they subsidize those private companies so they can compete with the state owned ones.
This is an opinion. Many people have opinions. Test it in the current sociopolitical forward curve. Obama nationalized GM, to great success, and he was a centrist (very mid in my opinion, but a statesmen with tacit, so respect where due). 100+ Democratic Socialists were elected in midterm elections. Therefore, I think forward looking, the appetite for this goes up overtime. Shareholder rights and cap tables are simply shared delusions. The shared delusion can change, when needed.
Mamdani has a ~70% approval rating, and a long list of wins, New York City is doing phenomenal. There is strong evidence this was a contributing factor in more democratic socialist being elected across the country (“Mamdani Effect”), including the mayor of LA. If you think it isn’t, well, you’re ignoring reality. That’s a choice. Do so at your own peril.
In this specific context around auto manufacturing, it is clear there is no competition, and US tariff policy is keeping competition out to benefit legacy auto management and their shareholders. We could flip the switch on tariff policy, and they would immediately have competition, but they can’t handle it. The evidence is clear they are already doing poorly for the US consumer, and they have no intentions to change.
https://newrepublic.com/post/217572/dsa-candidates-won-elect...
Old people, fond of capitalism, keep dying every day, and young people who believe in socialism keep entering the electorate. Only time will tell, but rough trajectory is clear. The time to prepare for the next election cycle has already begun.