Elon Musk Just Confirmed The Real Threat To Tesla!

Elon Musk Just CONFIRMED The Real Threat To Tesla!

Apple? GM? Porsche? Ford? The most notable rival of Tesla is not necessarily the one most people believe. Wanna know more?

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Tesla (TSLA) has quickly become the global automotive sector's benchmark. Legacy automakers, such as General Motors (GM), Ford (F), Volkswagen (VWAGY), and Mercedes-Benz (DDAIF), place themselves in relation to Tesla.

Rivian Automotive, Inc. (RIVN) is an example of an upstart Lucid Group (LCID), Inc. Fisker (FSR) wants to be compared to Elon Musk's EV juggernaut.

The electric-vehicle manufacturer has transformed the car into a living room on four wheels using the most recent technological innovations. (Apple can also claim to have a technology ecosystem in the form of phones and computer equipment.)

The T brand has its own niche among consumers. Owners of Tesla vehicles are members of an exclusive club. Fans adore the brand, which currently sells four models: the Model S and Model 3 sedans, as well as the Model X and Model Y SUVs.

However, Tesla's fame extends far beyond the automotive industry. Companies that want to be innovative and disruptive are watching Tesla's actions.

In 2023, the futuristic Cybertruck, Tesla Semi, and new Roadster will go into production.

It's difficult to categorize Tesla, especially since Musk, the architect of this extraordinary success story, prefers to remain private.

Those who consider Tesla to be merely a vehicle manufacturer are frequently reminded that the company's market capitalization, which recently surpassed $1 trillion, tells a different story.

Tesla sells far fewer vehicles per year than Toyota (TM), General Motors, Volkswagen, or Ford. In 2021, the Austin company sold fewer than one million vehicles, compared to millions for legacy automakers.

Those who classify Tesla as a technology company are frequently reminded that Tesla is essentially a way of life in its own right. It is a choice, they are told, to protect the planet and save it from pollution.
From these perspectives, Tesla's true rival is difficult to identify, especially since Musk stares down his competitors but rarely speaks about them.
The billionaire's technological efforts are frequently associated with Apple. He mocks its products, however, and wonders what the iPhone manufacturer invented that was revolutionary.

As Tesla shareholders and analysts wonder whether Musk will devote much of his energy to developing Tesla while acquiring Twitter for $44 billion, Musk just sent them a message that should reassure them.
Aside from the fact that he hopes not to have to use his Tesla shares as collateral to finance the takeover, the serial entrepreneur has just named the company that he likely regards as the final impediment to Tesla's initial mission.

That company is Saudi Aramco, the world's largest oil company.
According to the billionaire, "Tesla has the potential to be the most valuable company ever."

"You know the future will be good for Earth when Tesla's market cap, making sustainable energy products, exceeds that of Aramco, producing fossil fuels," Musk wrote on Twitter on May 25. He was responding to a message in which he warned investors about the possibility of a recession, which would affect the stock price.


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