Part 9/11:
Tesla, conversely, stands to benefit from the situation, given its domestic production capabilities. As legacy automakers scramble to adapt to these economic pressures—especially Ford and General Motors—the strategic positioning of Tesla as a home-grown manufacturer with less of a reliance on imports could solidify its dominance in the U.S. market.
The Rise of Chinese Manufacturers in Europe
Chinese electric vehicle makers are making inroads into Europe, evident by BYD's growing presence and the significant market share reductions being faced by traditional European OEMs. The shift in consumer interest towards EVs and the competitive pricing strategies adopted by Chinese manufacturers indicate a transformative period in the industry.