It is no news that Tesla has always been one of the top-rated Automakers for years. But the one factor that has kept all the other automakers on edge is the sudden bump in its value during the pandemic. COVID-19 has been the cause of millions of deaths, unemployment, inflation, and the list goes on. Tesla, however, has had a rather opposite effect on the industry. Its value increased by 375% since last year and has not stopped since. Many giants of the industry are still wondering about the strategy, which led Tesla to surpass all the other automakers.
Billion-dollar mega project
One of the major reasons why Tesla's value soared in the industry is, in fact, due to a statement made by its official CEO, Elon Musk. He suggested that the next project, Tesla must be fully devoted to should be the launching of electric semi-trucks. This idea, however, has already been put under considerable focus by Nikola, a competitive automaker, which has brought huge attention to this mega-market project. This mega project has now become a grave challenge for Nikola, Tesla, and other mega automakers currently serving in the industry. The time will tell which one of these automakers have been successful in carrying out such a billion-dollar task!
Infographic by: Visualcapitalist.com