Tesla is no longer the only successful EV producer, so their practical monopoly is going away. Their business model doesn’t work well with competition, and to make matters worse Musk alienated most of the people that were going to buy an EV in the first place. Maybe if Tesla had canned Musk when he leveraged his stock for Twitter they’d still be doing okay and able to handle the increased competition, but instead of focusing on that, they wanted to give him $58 billion.
Tesla is no longer the only successful EV producer, so their practical monopoly is going away. Their business model doesn’t work well with competition, and to make matters worse Musk alienated most of the people that were going to buy an EV in the first place. Maybe if Tesla had canned Musk when he leveraged his stock for Twitter they’d still be doing okay and able to handle the increased competition, but instead of focusing on that, they wanted to give him $58 billion.
Tesla deserves to fail at this point.