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Legacy auto is in trouble. The situation with GM and Ford along with their negotiations with the UAW is very telling. Jim Farley clearly stated what the Union is asking will bankrupt the company. Overlooked in this is the fact that Ford is likely bankrupt at some point no matter what they agree to.
In this video I discuss how things are turning and Tesla no longer is the cat they want to whip up on. In fact, many are going to be turning to Elon and Co to try and save their bacon.
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