NASDAQ: Increasing EV Competition Could Drive Tesla Below $100

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Tesla's reign as EV king seems to be coming to an end in the coming months.

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By 2024, fierce competition, particularly in the areas of price and warranties,

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will probably cause the company's market share to fall.

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The stock price will plummet over the next 18 to 24 months,

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if Tesla is forced to cut costs in order to stay in business. Income will also vanish.

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Tesla's competitors are General Motors, Ford, Volkswagen AG, Honda, Hyundai Motor and others.

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Not only are existing automakers competing, but some of the wealthiest

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Big Tech companies are also developing their versions.

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The Vision-S SUV and Sedan models from Sony (SONY) (OTCPK: SNEJF) are expected in 2025.

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This Story is based on Internet Articles and only for Information.

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