Tesla Motors: The Electric Automotive Leader?

Posted by wpadmin | Posted in Automotive Technology, Automotive Trends | Posted on 31-07-2015

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Tesla Motors is the manufacturer most people think of when they think about the innovative electric automobile, pioneering the concept for all the rage of the automotive industry. Yet even founded and led by one Elon Musk, our very own real-life “Iron Man” (Tony Stark) of Avengers fame, one has to wonder — is there any competition for Tesla Motors?

But What Would Happen to the Market if the Big Automotive Hitters JoinedTesla Motors in Competition? Enter: General Motors and Toyota

Now we’re talkin’. Tesla Motors better grease their elbows and get dirty. Undoubtedly, the major automotive manufacturers have an apparent advantage if they were to compete with Tesla Motors.  GM and Toyota’s combined revenue last year alone was $374.83 billion vs. Tesla Motors’ mere $3.52 billion. That should say something. Just on an obvious scale alone, these major players could steal control of the automotive market and selection services, leaving Tesla Motors in the wake behind them if they only decided to zero in on this target.

Luckily for Tesla Motors the Likely Winners of This Race and Competition Actually Are Not Currently Interested in the Electric Car Market

Electric cars only make up 7/10 of 1% of the total car market (no joke), and this deters the major automotive players from focusing on the electric car market at this current time. Frankly because they do not believe people are interested in electric cars — rather the market for finding a car relies mostly on the petrol we’re all used to.

Tesla Motors, however, hangs in the electric car market, because they hope the preferences of car buying will change in the future and that there will be a greater influx of electric car buyers. Before we realize it, that 7/10 market share will change to millions of buyers. It seems like a little bit of a long shot, but this is what Tesla Motors is betting on.

Call it a Gamble If You Will….

Overall if the major hitters decide to join the race, the chances of Tesla Motors controlling the majority market are slim against these larger established companies and manufacturers such as GM and Toyota. Tesla Motors can only hope they never pay any interest in that niche market.

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