From Guest Blogger Jordan: What Are Major Car Companies Doing in the Wake of Tesla Success?
As the success of Tesla becomes more and more obvious, the largest car makers in the world are starting to feel threatened by this small start-up company. Tesla has reported a profit in two consecutive quarters this year, which is quite surprising, considering that the electric car maker had been struggling to hit production targets and its sales figures hadn’t been too good in the last couple of years. But, Tesla’s shares are now at a record high, sales are much stronger than they used to be, and revenues and market share have been significantly increased lately, which means the major car companies have enough reasons to be worried. (more…)