• Tesla is engaging in a risky expansion as the rest of the auto industry is playing defense

    5 monthes ago - By Business Insider

    The global auto industry is ruthlessly evaluating weak markets and killing off unpopular products while Tesla is expanding in China.
    Tesla doesn't have much of a choice - if it doesn't take the risk now, it won't be able to dive in amid a global auto sales downturn.
    The contrast highlight the biggest difference between Tesla's immature business and car companies that are over a hundred years old.
    The contrast was telling: The same week that Tesla CEO Elon Musk attended a groundbreaking ceremony for a new Gigafactory in Shanghai, China , Ford announced that it would substantially...
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