Tesla (TSLA) Unfazed as WSJ Highlights 'Tough Competition'

March 11, 2021 12:56 PM EST

Tesla (NASDAQ: TSLA) shares are holding their own (+3.1%) despite a WSJ article making the rounds that discusses new competition for the EV maker, which was out about two hours ago - "Tesla Faces New Reality of Tough Competition"

From the article:

Tesla Inc.’s grip on critical markets is showing early signs of slipping as established auto makers push rival models in their race to catch up to Elon Musk’s vision for an electric-car future.

In the U.S., Ford Motor Co. F -0.96% ’s electric sport-utility vehicle, the Mustang Mach-E, has begun eating into Tesla’s market share, according to new market data, while in Europe, the world’s largest electric-car market, Volkswagen AG VOW -5.49% beat Tesla to become the top-selling all-electric vehicle maker there last year. In other markets, such as Asia, Tesla’s market share has held up and even grown.

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