[katkatkatkatket]

You realise there's an excellent chance that the "industry incumbents" have been aware of the switch to EVs and hybrids, and are just biding their time before Tesla's circus show collapses?

It's been pretty obvious for a while to a casual observer of incoming government regulations (at least, in the EU) that ICE car production will literally be banned very soon. I'm sure the companies that form the backbone of the economy of a major country in the EU have had even more notice. In fact, I suspect they will do very well out of this transition.