Credit Suisse says Tesla is running out of time as the major electric car maker – shares to dive 40%
The US taxpayer has thrown money at Mr. Musk and his company, and the taxpayer continues to. But the likes of Porsche, BMW, even Toyota and Nissan may be poised to take Tesla out.
Credit Suisse on Thursday noted that Tesla has nearly an 80% share of the U.S. market for electric vehicles but the firm expects that the automaker’s “unique position” with its Model 3 will face a serious challenge from Ford next year.
“For all the competition entering the market we are still awaiting the EV that will be a true competitive threat to Model 3 – especially in the US,” Credit Suisse analyst Dan Levy wrote in a note to investors.