Part 7/11:
Steven outlines the broader market trends indicating a significant shift towards electric vehicles (EVs). Currently, EVs only comprise a small fraction of the total vehicle market, but this is expected to change drastically within the next decade. With current prices of EVs approaching parity with gasoline counterparts and battery costs decreasing, the conditions are ripe for an exponential growth in EV adoption.
He emphasizes the lack of meaningful competition presently, claiming that Tesla is not simply leading the race; it's a category of its own. Each vehicle they launch is designed to exemplify top-tier performances, with no other company coming close to matching Tesla's benchmarks.