Could Tesla's Stock Ever Again Enter The Trillion-Dollar Club? via insideevs.com
has dropped in value by more than 60 percent, and bulls and bears both have their own versions of what the tech-forward automaker’s future could hold.
Tesla is largely responsible for bringing the electric vehicle into the public eye by introducing the Roadster as a potential option for buyers with sufficient battery range, speed and acceleration. Now the company has a full lineup of somewhat-affordable EVs for consumers, causing most legacy automakers to start scrambling to catch up.
Legacy automakers are beginning to catch up, though Tesla still held a whopping 64 percent of the EV space’s market share by the end of Q3. Although that will slowly drop as more and more EVs become available to consumers, as evidenced by a drop from 75 percent in the first quarter, Tesla may be well-poised to handle the oncoming wave of new EV options.
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