![]() " Tesla CEO Elon Musk: ‘We’re Going to Spend Staggering Amounts of Money in Capex.'" " Apple Targets Car Production by 2024 and Eyes 'Next Level' Battery Technology – Sources." " Oil Production Worldwide From 1998 to 2019." " Plug-In EV Producers – Worldwide Market Share." " Tesla Has Four More Gigafactories Planned." " Nevada Selected As Official Site for Tesla Battery Gigafactory." " Tesla Is Losing Money on the Model 3, Report Says." Even Tesla's new lower-cost option, Model 3, is $43,990 before tax incentives and gas savings, as of May 2021-which is still out of reach for most drivers. The Tesla brand is closely associated with Elon Musk, a CEO whose visionary ambitions are matched by his propensity for scandal.Įven with generous government incentives, such as tax breaks for alternative technology, potential consumers of Tesla's Model S are still faced with a large price tag that starts at $94,990 before any incentives or discounts, as of November 2021.Tesla's future success will depend heavily on ramping up manufacturing capacity and infrastructure. ![]() More broadly speaking, Tesla faces a competitive environment from both legacy automakers and other EV manufacturers.Notable risks include Tesla cars being too expensive with tax breaks and that the construction of its Gigafactory (battery factory) taking longer than expected.The electric vehicle (EV) maker, Tesla, has a number of key risks that it will face in the next 5-10 years.
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