Tesla has an edge over its rivals who are still working on electric vehicle concept designs. This does not make Tesla CEO Elon Musk complacent, and he recently provided insights into the competition that the big car firms pose in an interview.
Big car firms have huge resources
Tesla will start deliveries of its third car, the Model X, and is having a pleasant ride in the EV space to date. Even though it has a notable head start in the segment, the firm is still relatively small and hence vulnerable. Moreover, major car companies are already preparing for moving into the electric cars segment.
RV Capital Co-Investor Letter for the first half ended June 2022. Q2 2022 hedge fund letters, conferences and more Dear Co-Investors,
Musk has always maintained that the competition from the big automakers does not s