Earlier quoted context omitted.
I wonder why nobody has tried to beat the Chinese companies at their own game. The whole schtick is: take a product that people like, vertically integrate and drive down costs. This is like the purest form of capitalism.
E.g. Tesla: * built a lithium refinery * produces its own battery cells * makes its own motors and drivetrains * makes its own car seats * owns and operates a fast-charging network * sells direct, bypassing dealerships * offers insurance integrated with vehicle data * develops its own autopilot AI
A lot of Chinese EVs are much better and cheaper than the Cybertruck.