EV Market Share Losses In Europe Highlight Tesla’s Sales Growth Challenges (TSLA)

Source: seekingalpha.com seekingalpha.com

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Xiaolu Chu Investment thesis: Having established itself as a dominant, profitable EV producer, Tesla (NASDAQ:TSLA) recently moved on to the next phase in its competition with emerging EV producers, namely an increasingly brutal fight for market share. With the backing of solid profit margins, it can afford to undercut competitors, especially in the Developed World, most of which are still struggling to produce & sell EVs at a profit. Europe might emerge as an exception, where Tesla bet on producing its cars in Germany, while much of its German & Chinese competition is building up capacity in Hungary where there...