The arrival of mass EV competition, eyewatering price discounting and the fall of Tesla's monopoly of EV's was predicted a few years ago, Ron (see my posts on the subject - back then) . That said, I see it all as part of the natural progression and rationalization of a still embryonic sector. My current view going forward indicates that with all the heavy discounting and new choice of models, EV's are now becoming financially accessible to the proletariat - thus spreading the EV dynamic to the wider world, and their eventual dominance over ICE vehicles. Further down the line, second hand EV's will also be in the hands of the peasantry, completing said dominance.
In any case, next to the residential real estate market, the lithium/EV/battery sector has become the most entertaining to watch and strategize the convolutions.
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