Why Don't Ford, Chrysler, and GM Purchase Tesla Technology Licenses and Construct Electric Vehicles?

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General Motors, Ford Motor, and Stellantis (formerly Fiat Chrysler) are competing with Tesla, the leader in the electric car market,

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for market share. Elon Musk, the current CEO of Tesla, founded the company in 2003.

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Since then, Tesla has dominated the electric car market, although GM and Ford are preparing to challenge.

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General Motors was the first of the three major automakers to commit to an all-electric future, and it is now rushing to meet a surge in demand for new electric vehicles.

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Customers responded well to GM's EV1; nonetheless,

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GM believes EVs are taking over a profitable segment of the auto business and will eventually eliminate the bulk of cars, despite customer opposition.

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Automobile manufacturers do not fully comprehend what customers are ready to pay and what constitutes a frustrating surcharge.

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