Ever since Tesla Inc. (NASDAQ: TSLA) released the Roadster back in 2008, the electric vehicle (“EV”) startup has been at the top of the electric vehicle sector. Following the Roadster up with the ultra-successful Model 3 and the Model Y, Tesla quickly became the most valuable car company in the world, beating out industry giants such as Toyota. However, the EV maker has been seeing plenty of competition from several EV startups recently, as well as established automakers for the past few years, making its tenure at the top precarious.
This year, Tesla’s sales in the United states, its largest market, have been held back by a new entrant into the electric vehicle scene. Automaker Ford recently released its first offering, the Mustang Mach-E, an electric SUV that has proved to be a thorn in Tesla’s side. Although the model is still quite new, American drivers have been purchasing it in droves, eating into Tesla’s&
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