Tesla (TSLA) Unfazed as WSJ Highlights 'Tough Competition'
Get Alerts TSLA Hot Sheet
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla recalls nearly 3 million vehicles in China over safety issues
- The Biggest Winners Don't Compete in a Category. They Rewrite It. One Company Is Betting It Can Too.
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
Create E-mail Alert Related Categories
Trader TalkRelated Entities
TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share