The goal for Tesla Inc (TSLA stock), the market leader at the moment, is clear: to maintain and expand its advantage so that its competitors, who entered the race too late, are left with nothing but scraps. The Austin, Texas-based carmaker has set a target of producing 1.5 million vehicles, which would be a record-breaking number, in 2022.
Every little thing matters in the battle towards electric automobiles because it might mean the difference. Additionally, there are many minor things that some players may use to their huge psychological advantage while others can use to their detriment.
The electric and autonomous vehicle market, which is seen as the future of transportation, is one in which every automaker aspires to have a sizeable portion.
The Wolf – TSLA Stock
By the end of the decade, Elon Musk’s company, which is known for its charm and eccentricity, plans to produce 20 million vehicles annually. Regarding his competitors, and there are plenty of them, they are vying for second position but want to unseat Tesla soon.
Young wolves or upstarts like Rivian (RIVN), Lucid (LCID), and Chinese NIO (NIO) must, for the time being, demonstrate that they can manage an increase in their production rates despite skyrocketing raw material prices and ongoing supply chain disruption.
Legacy automakers want to demonstrate that they can make the switch to battery-powered cars (BEVs) seamlessly. Additionally, they wish to advance by drawing on their background in mass production.
As a result, several of them, like the American manufacturers Ford (F) and General Motors (GM) and the German industrial powerhouse Volkswagen (VLKAF), have revealed lofty output goals for the upcoming three years. They struggle at the moment to make 100,000 electric vehicles yearly, but they vow to produce millions of them annually.
Although they may have gained ground by tak...
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