As someone else here noted, the answer to Waspinator's question is purely economic. Titanium bikes are more expensive to produce that the Chinese mass marketed bikes that Trek, Specialized, Cannondale, etc. are selling. The money is in carbon fiber. Whether carbon fiber is a better material than titanium, aluminum, steel or bamboo is a secondary concern. The titanium bike industry is pretty much a small cottage industry compared to the big bike manufacturers.
It costs a lot of money to sponsor a World Tour team. It goes beyond providing 'free bikes'. Firms like Litespeed can't afford that level of marketing. Judging by the number of guys I see riding high end Specialized, Trek and Pinarello bikes around here, it must work. And there's no convincing these guys that some 'old hat' titanium bike is the thing to have. Gotta have those $2500 carbon clinchers as well.
Waspinator periodically visits us, makes an @ss of himself and disappears. He evidently bought a Litespeed T1sl bike for big bucks. I suspect he has buyer's remorse. Titanium was the gee whiz material 25 years ago. Now its seen by most people as a bit dated, like steel. He's also convinced that Litespeed has somehow evolved titanium fabrication to some mystical level where in reality, nothing has changed in decades. But good luck convincing him of that because he's swallowed Litespeed's marketing BS hook line and sinker. I've got five bikes and only one is carbon fiber -- a classic C40. I still have a Litespeed Ultimate made when Michael Lynskey owned the company. I like steel and titanium bikes, but I sure wouldn't make a troll of myself defending those choices with any argument other than its what I prefer.