Who Is Tesla's Top Competitor?
He may not have invented the all-electric, battery-powered vehicle. But, there's certainly no denying that 's (NASDAQ: TSLA) founder, Elon Musk, ushered them out of the fringe of the automobile business and into the mainstream. By making them look stylish, the eccentric Musk arguably made the industry viable, in turn making Tesla the $1.4 trillion behemoth that it is today.
As could have been expected, though, once profits finally started flowing for Tesla, competitors' interest in this business dramatically ramped up. Although not every newcomer to the industry is thriving, enough of them are doing well enough to force the industry's leader into offering profit-pinching price breaks.
There's one name in particular, however, that's causing particular trouble for Tesla. Indeed, technically speaking, this rival is already bigger than Tesla in one important regard.
Source Fool.com
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