continues to dominate electric vehicle sales in the United States, sweeping three of the top seven sales spots last month. The Model 3, Model S, and Model X, all sold just over 400,000 vehicles last month. While Tesla certainly has had and seems likely to continue to have its ups and downs as a business, it has been part of the electric vehicle scene from the start, which is both a blessing and a curse.
Tesla’s current dominance will certainly be further challenged. Electric vehicles are becoming more refined and are forecasted to be an indispensable part of any car company’s future business. Initially the electric vehicle industry was capital intensive, which was a barrier to entry and an unappealing, unprofitable expense for larger companies. Now that manufacturers are starting to see EVs in their future, more powerful players are entering the space in force. BMW now has three types of cars and the largest electric vehicle manufacturer worldwide, BYD, has signaled that they will enter the U.S. car market
as well, which could pose a problem for Tesla’s industry influence.