Will Tesla continue to dominate the EV Market?

Will Tesla continue to dominate the EV Market?

 


Tesla motors as of the 2019 global sales statistics had a grip of up to 60% of the total sales on electric vehicles. Since 2003 when Tesla motors was founded, they have pushed the move toward going green and reducing carbon footprints by constantly improving and modifying their cars and trucks. Let’s have a look at the Tesla cars revolution.

In 2009, the Roadster sports car was launched, and to date, it is considered one of the fastest cars which accelerate from 0-100 mph within 4.2 seconds. It marked the beginning of the electric car revolution launched by tesla motors. In 2012, the model S sedan was launched, this is characterized by autopilot where it is fully self-driving. When fully charged, it can travel up to 300 miles without stopping making it one of the most efficient electric vehicles.

Other models that have been launched by Tesla motors include Model X SUV which debuted in 2015 and was followed by the Model 3 sedan which debuted in 2017 and the latest model, Model Y which debuted in 2020. One of their outstanding features makes them stand out to include up to 370 miles before stopping, their use of software to help manage battery hence prolonging charge duration, as well as the long lifespan of their batteries that goes up to 10 years minimum.

Some of the competitors of tesla motors include Chevrolet, Jaguar, and Nissan. To date, the longest mileage covered by these brands combined is around 240 miles. Compared to Tesla, this is way down since Tesla cars can go up to 370 miles without stopping making them convenient for long-distance coverage.

The success of Tesla motors not only lies in environmental conservation consciousness but also their strategies. These strategies include computerizing almost every component of the car making operations like maintenance and repair convenient for do-it-yourself measures. Their use of software including autopilot ensures that most of the human error while driving is minimized hence less road carnage.

Currently, tesla motors' market cap stands at over $800 billion and its sales records continue to increase steadily with the changing time. With the unpredictable oil prices in the market, everyone's dream car is the Tesla electric car. Even though Tesla motors are still under scrutiny for their batteries and their efficiencies by the federal bodies, they are the immediate alternatives to fossil fuels.

One of the major puzzles is whether the batteries are effective for use and for replacing fossil fuels and if it is so, what are the states waiting for? The entire transport sector can go green by utilizing electric energy exclusively for all vehicles including tractors, and heavy machinery. You can give us your view on what you think about electric vehicle batteries at large. Do you think they could rival the efficiency of petrol and gasoline?

 


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