... but the stock price still doesnt reflect the reality that there are over three dozen EV competitors
Many have the resources to really impact Tesla's sales and margins.
Tesla builds a great car, but its not the only great car.
Nissan, Renault, Ford, BMW, Audi, VW, GM, Hyundai, Kia, Toyota, Honda, Porsche BYD Mercedes, Apple, Google, Smart, Kandi, Mini, Volvo, Faraday, Lucid, Fiskar, Chrysler, Aston Martin, Fiat, Jaguar, Mazda, Mitsubishi, Opel, and Subaru are all looking for a slice of the EV pie.
... and its not the more the merrier, as there is a finite amount of pie.