Tesla Gets a Big Win That May Cost Legacy Carmakers Millions

Published by
The Street

By Luc Olinga Elon Musk’s group, which dominates the electric vehicle market, has just won a victory that could cost its rivals hundred of millions of dollars. Tesla (TSLA) – Get Tesla Inc Report dominates the electric vehicle market, and its lead is likely to grow. That’s because the manufacturer of the Model 3 sedan and the Model Y SUV is one of the few automakers able to meet demand in the face of supply-chain disruptions and rising prices for raw materials such as nickel, aluminum and palladium. The automotive group will officially open its fourth production plant, in Austin, on April 7. T…

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