Tesla’s Competitive Advantage Fades as Demand Shifts: What’s Next for the Electric Carmaker?
London, UK – Two years ago, Octopus EV, a car leasing group based in the UK and US, struggled to keep up with the high demand for Teslas that made up half of its sales. However, CEO Fiona Howarth noted that Tesla has now lost some of its competitive edge in the market. This shift comes as Tesla faces challenges from various fronts, including cheaper electric vehicles from Chinese brands like BYD and MG, weakening …