Analyst said that competition was suppose to come. But right now Tesla is the only EV maker that can sell its cars for a profit. As Elon said in the last earnings call, Tesla will continue to drive down cost and sell its EVs cheaper. Legacy auto can't catch up. They will go bankrupt trying to build the factories to build their EVs.
https://www.businessinsider.com/tesla-competition-detroit-falls-flat-2023-10
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