Yeah, the whole business model is falling apart. They can't monopolize the market, they don't have a better product, and their input costs are 3x of those than companies in China. It's a complete disaster. They got high on their own supply chasing their technological singularity while Chinese companies pragmatically took the slow and steady approach without burning through insane amounts of capital.
Yeah, the whole business model is falling apart. They can't monopolize the market, they don't have a better product, and their input costs are 3x of those than companies in China. It's a complete disaster. They got high on their own supply chasing their technological singularity while Chinese companies pragmatically took the slow and steady approach without burning through insane amounts of capital.