Musk should focus on Tesla as EV rivals pounce, say investors

Keen fight: A Tesla Model S sedan is plugged into a Tesla supercharger EV charging station in Virginia. The firm’s rivals are picking up the pace as just earlier this month, China’s BYD Co set a sales record for the second quarter delivering 352,163 fully EVs. — AFP

SAN FRANCISCO: Right on cue, Tesla Inc sceptics are pushing back after this year’s sizzling US$500bil (RM2.3 trillion) rally.

Rival automakers pouncing on booming demand for electric vehicles (EVs) pose the biggest challenge for Tesla over the next two years, just as Elon Musk appears distracted thanks to his high-profile ventures, from social media and space travel to artificial intelligence.