Tesla’s advantage is from being the first company to make EVs that are reasonable enough for people to replace gas cars with. The charging infra also helps a lot. Other car makes have almost caught up in terms of actual EV quality but their businesses aren’t ready to ramp up on EVs. Also, for most people (at least in the US), EVs aren’t ready (lack of charging and/or battery capacity, plus higher costs).
Tesla can lose their advantage if they don’t increase car quality. They’ve also suffered due to economic issues, but instead of slowing down EV production like traditional car makes can do, Tesla has had to cut prices. Their advantage will remain at least in the near future even without any drastic changes.
Tesla’s advantage is from being the first company to make EVs that are reasonable enough for people to replace gas cars with. The charging infra also helps a lot. Other car makes have almost caught up in terms of actual EV quality but their businesses aren’t ready to ramp up on EVs. Also, for most people (at least in the US), EVs aren’t ready (lack of charging and/or battery capacity, plus higher costs).
Tesla can lose their advantage if they don’t increase car quality. They’ve also suffered due to economic issues, but instead of slowing down EV production like traditional car makes can do, Tesla has had to cut prices. Their advantage will remain at least in the near future even without any drastic changes.