After bankruptcy they likely have no debt, so can out-compete those that didn't go through bankruptcy. It's the bankruptcy that makes them profitable -- it's a common pattern in nascent commodity industries.
> Bad news for wall Street though if they have to go bankrupt first?
Don't worry, the already stretched taxpayer will be on the hook for everything just like in 2008!
This time the relief mechanism is already baked into the system (capital does learn from its past mistakes, even if it may not be the lessons you'd hope for!)
By the time the bankruptcies come, they'll all be owned by index funds and main street. The price will crash at the break of the bankruptcy, and wall street will swoop in to buy up the "distressed assets" at bargain bin prices.
