Part 7/14:
Tesla's competitors, such as General Motors and traditional automakers, are struggling. GM has announced layoffs of nearly 1,000 workers worldwide, highlighting the industry's turbulent transition to electrification. Meanwhile, Tesla's aggressive price cuts in early 2023 helped solidify its market position, boosting sales and profitability, unlike many legacy automakers that continue to lose money on EVs.
The automotive landscape is also affected by regulatory and political factors. For instance, potential tariffs on imports from Mexico or Europe could influence production costs for non-U.S. automakers, indirectly favoring Tesla’s manufacturing footprint in the U.S. The ongoing trade policies and subsidies shape the competitive environment significantly.