Part 9/11:
The EV landscape is competitive. Xiaomi’s recent launch of their Model 3 competitor, the Xiaomi SG7, has mirrored Tesla’s sales in China—selling nearly 9,500 units from April to October. Despite some supply chain and regulatory hurdles, Tesla’s resilient sales and leadership position suggest continued dominance.
Challenges and Risks
Despite optimistic projections, some risks remain. The potential delay or failure to pass $7,500 tax credits for the Cybertruck could hamper upcoming deliveries if approval stalls. Additionally, recent recalls—like Honda's 1.4 million engine issues—highlight that manufacturing and quality issues persist across automakers; however, Tesla’s long-term prospects remain strong due to technological leadership and market position.