Acquisitions are all well and good, but unfortunately, when an asteroid hits you, all the umbrellas in the world won't help. Tesla has been attacking the hard problems (like battery cost) for close to a decade while most others kept busy making fun of them.

When you see Tesla causing drops to the tune of 15% or even 20% to the sales of premium ICE car brands, and who knows how much more it will be in the next quarters, a hit this big and this sudden can be quite destabilizing to a company with a highly optimized supply chain. Also, these companies haven't delivered something truly new in decades, and to do so now, under the gun, would require not a product revamp, but a culture revamp. Never heard one of those being pulled off.

Innovation is hard, let's ask for government assistance: https://www.reuters.com/article/autoshow-paris-electric-sque...