Elon Musk and Tesla Have a New Car to Expand Their Domination

Tesla  (TSLA) – Get Tesla Inc Report seems determined to extend its dominance in the highly lucrative electric vehicle market. Chief Executive Elon Musk’s firm wants to push its advantage over its competitors as much as possible. 

The timing is good: Legacy automakers like GM  (GM) – Get General Motors Company Report and Ford  (F) – Get Ford Motor Company Report are still making the transition to electrification, and young guns like Lucid  (LCID) – Get Lucid Group, Inc. Report and Rivian  (RIVN) – Get Rivian Automotive, Inc. Class A Report are finding it difficult to manage their increased production rates.