Wise commentary from both Jones and Jed IMH0 My daughter/son-in=law have a Tesla. BOY I wish I had one with automatic driving and a about 4 inches more clearance for snow.
Closer to 80, I have given up driving at night. Progressive corp’s should eliminate the stodgy board members, as should the progressive oil companies—if they want to survive. Bob Cook --------------------------------------- ________________________________ From: Jed Rothwell <[email protected]> Sent: Thursday, February 28, 2019 5:44:22 PM To: Vortex Subject: Re: [Vo]:a bit of honesty in a complicated world Jones Beene <[email protected]<mailto:[email protected]>> wrote: He did not mention explicitly : "investors from the petroleum industry" since that is a given ... but the implication is that he gets constant negative feedback from some of his investors, at the level of Board of Directors, NOT to pursue electric vehicles... Imagine that... I expect this is what led to the destruction of the GM EV1, and to the long delay in introducing electric cars. However, when the market for electric cars began to heat up, and when Tesla began to outsell all other luxury cars combined, this motivation evaporated. GM, Ford and the others feared they would face extinction if they did not develop electric cars. They would not let influential Board Members or politicians prevent them. For the same reason, GM, Ford and the others rushed to build hybrid cars after the Prius become popular. Hybrid cars greatly reduced gasoline consumption, so if there were Board Members with connections to big oil, I suppose they would have opposed them. I don't know if there were such Members but if there were, GM ignored them. Again, for the same reason, they are now pouring billions into self-driving automobiles. There may be industries and groups that oppose that oppose that technology. I wouldn't know. But no auto executive would listen to opponents, because after Toyota or GM starts selling self-driving cars, the others better have one within a few years or they will be doomed.
