Elon Musk Names Tesla's Real Rival

Tesla's biggest competitor is not necessarily the one most people expect.

In a short time, Tesla ( TSLA ) has become the benchmark for the global automotive industry.

Legacy automakers, such as General Motors (GM ) - Get General Motors Company Report , Ford ( F ) 

Get Ford Motor Company Report , Volkswagen ( VWAGY ) - Get Volkswagen AG Report and Mercedes-Benz (DDAIF ), position themselves in relation to Tesla.

Upstarts like Rivian  (RIVN) - Get Rivian Automotive, Inc. Class A Report, Lucid Group  (LCID) - Get Lucid Group, Inc. Report and Fisker  (FSR) - Get Fisker Inc Class A Report compete with Elon Musk's EV juggernaut. 

Tesla's fame extends far beyond the automotive industry. Innovation and disruption are also priorities for companies like Tesla. 

The electric-vehicle manufacturer has turned the car into a living room on wheels with the latest technological innovations.  

The T brand occupies a unique place among consumers. Tesla owners are among a select group of owners.  

There are four models currently available - Model S and Model 3 sedans, as well as Model X and Model Y SUVs. 

By 2023, the Cybertruck, the Tesla Semi, and the new Roadster will be in production.

Since Musk, the architect of Tesla's success, likes to conceal his tracks, it's difficult to classify the company. 

When people think of Tesla as just a vehicle manufacturer, they are often reminded that the company's market capitalization, which topped $1 trillion a few months ago, tells a different story. 

Annually, Tesla sells far fewer cars than Toyota  ( TM ) - Get Toyota Motor Corp. information, GM, Volkswagen, or Ford. 


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