Pole position: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China. ‘There’s a recognition that Tesla is in a preeminent position in terms of EV technology, ’ Peter Rawlinson, the CEO of upstart Lucid Motors Inc, said in an interview on Monday at the BloombergNEF Summit in San Francisco. — Reuters
NEW YORK: For a few tumultuous years, Tesla Inc gave the bulls reason to believe and bears reason to doubt. Sure, Elon Musk was pulling off what legacy automakers tried and failed to do - make electric cars cool - but he was presiding over an inexperienced enterprise, and the old guard would catch up.
As Tesla observers try to understand how and why the stock has tripled in a little more than three months, analysts and Musk’s own rivals are second-guessing the notion that the Model 3 maker will be caught anytime soon.
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