Yes, and it’s only a matter of time before the other companies catch up. And when they do I’m pretty sure they will be able to beat them on quality and price. Toyota will have the quality, food and Chevy will have the price wars. They are just too big of companies to lose. By big I mean manufacturing capability.
They cannot catch up. You are completely ignorant about the manufacturing edge it takes to create those margins.
Custom casting machines that are the largest in world, in a purpose-built factory that takes years to build. Then design changes that only pay off years later with the elimination of dozens of robots and hundreds of welds per vehicle.
All this takes YEARS to do, no matter who you are.
And Tesla has already put in those years. The others have not.
Toyota is physically incapable of catching up for a decade. They have to start by designing a new factory.
Their manufacturing capability is pathetic and irrelevant, because it is tailored to a completely different product. There can be no retrofit.