Tesla’s $25,000 car means tossing out the 100-year-old assembly line
Bloomberg: Sue Helper, the Frank Tracy Carlton Professor of Economics, said that U.S. automakers are working to fend off the competitive threat posed by Chinese cars. Ford Motor Co., for example, is exploring a compact EV that would use a cheaper battery. “The concern is that the lower end of the automotive market isn’t currently being served by electric vehicles, but they will be served by China if US companies can’t cut costs,” she said.