it’s almost like betting our entire automotive industry on full plug in EVs, as well as being competitive in said market, was a transparently bad play from the very beginning. Not saying this wasn’t obfuscated by regulatory pressure and "shareholder value" (read: why is my stock not going through the roof in lockstep with Tesla), but that does not absolve execs of their fiduciary duties. Of course the Chinese are able to offer lower prices; battery packs being by far the most expensive part of any plug in EV is not classified information.
When competing countries sell their stuff in our markets: "Tarrifs and sanctions FTW!"