California ban gas cars is a boon but also a challenge for Tesla - Business Insider

For Tesla, an ideal position isn't actually ideal for capturing future market growth outside the US

For starters, the overall new-vehicle market in the US isn't going to grow. In fact, it isn't clear that Tesla's considerable sales have displaced sales of gas-powered vehicles, or whether the company has simply created a sort of parallel market in EV sales — in effect creating new market share that it can dominate.

Tesla is already operating the sole remaining vehicle assembly plant in California. Adding another facility in the heavily regulated state would be expensive and time-consuming, a contrast with Tesla's new plant in China, which went from a hole in the ground to rolling out vehicles in 15 months. That's the risk. Fortunately, Tesla is no longer going it alone. Both Ford and GM are moving aggressively to introduce EVs, and both carmakers see California as a growth opportunity for them, given their historic sales weakness in the Golden State. The top two US automakers control 30% of the total US market, but in California, their Japanese competitors own almost half the yearly sales.

notstockadvice3 Only business insider could write a thinly veiled fud article from this . Grats!

That ship sailed already

Tesla is bigger than you think.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the last workshop making traditional Portuguese cowbells by hand - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside recent sports media and gambling deals: expert analysis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A look inside the Grace Hopper Celebration for women in tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If you want to take your website to the first page of Google , SEO backlinks that help increase traffic, increase website ranking contact now
Source: BusinessInsider - 🏆 729. / 51 Read more »

Look inside a 130-year-old church in Vermont transformed into a modern, 5-bedroom home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »