Can Detroit’s auto industry compete in the age of Tesla?
Tesla is a distinguished auto startup from the Silicon Valley. It has undoubtedly made a mark in the industry. Tesla’s products are in line with the best in the world, including BMW, Mercedes-Benz and Audi.
Tesla’s CEO and the brand have a relationship with Detroit. He has distanced Tesla from the local competitors that the brand finds in Detroit. Elon Musk has disdained Detroit, expressing that the motor city relies excessively over internal combustion engines.
It was in 2017 that Musk had come up with a tweet which expressed that Detroit is killing the electric car. Impact of Tesla will definitely go down in history. Even if Tesla stops making cars tomorrow, nothing is going to change.
It is in its own unique way that Tesla has operated. They consume cash in a stupendous manner.
Tesla’s competitors, whom Musk had sought to challenge, are now bouncing back big and strong. They are beating Musk at his own game.
Model 3 Compact is a car by Tesla, whose launch had been much awaited. Musk had found scrutiny on behalf of Exchange Commission and Securities while the car was being launched. Towards beginning of 2019, Tesla’s shares took a downswing.
Top car makers in Detroit are now coming up with electric vehicles which are oriented towards the wealthy. They are all set to meet the more stringent emission standards, as defined for the U.S. and abroad.
Luxury car makers are catching up as well, and a prominent challenger is Jaguar I-Pace. There are a number of other top brands that are investing millions over high end battery-electric vehicles. They include Ford, Maserati and Mercedes.
The quality of the battery electric cars is commendable. It is one of the top metrics that consumers who purchase them are on a lookout for.
Musk must be attributed for a number of developments in the electric car industry. Tesla started out with the intent to create an all electric car company. This transformed EVs in general into luxury and performance based cars. A number of short trip electrification offerings have come to fore as well.
In general, it is safe to presume Detroit’s auto industry is all set to thieve with ease through the Tesla age.
Walker Law Group Lawyers are your preferred choice for a dedicated, understanding and vigilant personal injury lawyers.