Tesla Stock Might Face Troubles Soon

The auto making giant is reportedly facing competition from not one, but two companies who have decided to step onto the electric car making platform too

According to the most recent news related to the auto industry, it was seen that Tesla Motors has been under the pressurizing gaze of not only critics but also other auto companies who have been reportedly planning to make cars as good as the ones that are made by the giant in order to strike up a competition that has never been seen in the electric market. Elon Musk’s company has so far been on the top of the electric car making companies list as it is also the first one to initiate the idea of making cars with batteries run on electricity.

So far in the business, Tesla cars have a very prominent edge over other companies in the industry as it has large revenue cash back up that it has created with the success of its cars over the period of time. Currently, the auto company has over a billion cash revenue reserve, which is believed to be unmatchable for any company, no matter how old or established, to think of fighting with the giant in the technological levels that have been reached by the giant. However, there are some prominent companies like BMW and Porsche which have started to show signs of wanted to put up a fight with Musk’s company, which seems to be trading on the top lines for quite some time now.

As per the latest news, Porsche has announced that it wishes to introduce an electric car of its own namely Mission E, which is already being thought of as a strong competitor for Tesla vehicles, long before its actual launch or even production process. According to the Porsche management, the investment that is being put in the production of the new car is of around $760 million.

It was also mentioned in the report that the massive amount of money being invested is majorly for the purpose of bringing an upgraded version of facilities within the company’s infrastructure so that it becomes capable enough to make the car that it has pledged to make. This is an important step for the company as it has openly challenged the technology that Tesla uses in its cars.

On the other hand, BMW is also next in the line to have thought of creating a rivalrous war with the Tesla smart cars as it has presented the idea of competing with the Model S cars with its own version of self-driving cars which it will be working on in the near term future.

Tesla Loses Key Asset For Autopilot to Alphabet

The auto making company is currently experiencing a loss in the form of a value engineer that it has lost to its rival recently

Tesla Motors is repeatedly being faced with the same problem in the auto car industry, due to which it has been raising concerns of the investors in the business. The giant has made a name for itself in the auto industry and has secured the top most position in the electric car making business, but there are some issues that it is constantly facing which might now be taking their toll on the giant. According to the latest report, the hybrid car makers have shown a highly slow speed in the production of its new car in line, the Model X. It has received a considerable number  of orders for the vehicle already, which also showed the attention it managed to attract since its official launch, but there is one thing that the Californian company seems be lagging behind in.

As per reports, Tesla cars are being produced and manufactured in a very dragging speed and have clearly been testing the customers’ patience. Analysts believe that even though the company has shown that it can make great sales of its hybrid cars without much problem, it certainly has failed to prove its efficiency in a faster and better production of vehicles. On the other hand, the number of problems seems to be increasing very quickly as a recent report informed that rival Alphabet has taken away Robert Rose from the smart car making company, who is an engineer was working on the autopilot feature installed in the cars.

The autopilot feature turned heads towards the Tesla cars in a huge number and made the sentiments of investors soar high following the announcements and show put up by the management of the feature in particular. However, as per a report by 9 to 5 Google, the person who was backing up the idea in the luxury car making company has now been taken away by the search engine rival which has created much of an unexpected stir in the market.

Tesla has already been facing issues is carrying out a more civilized business mainly due to ups and downs in the operations and hiring of better and more qualified engineers for the giant, which is why this news has come off as a huge blow to the giant as it has actually lost a valuable asset to its already very strong rival which might not be what the company was really looking for at this time of need.