Elon Musk should focus on Tesla as EV rivals pounce, investors say
Right on cue, Tesla Inc skeptics are pushing back after this year’s sizzling $500 billion rally.
Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the next two years just as Elon Musk appears distracted thanks to his high-profile ventures, from social media and space travel to artificial intelligence.
So say respondents to the latest Markets Live Pulse survey. Out of 630 global MLIV Pulse contributors, 54 per cent flagged the heightened risk of industry competition while 26 per cent picked the behavior and decisions of its mercurial chief as a key concern for Tesla shareholders.
