Can Tesla electrify the competition?
photo by chad russel from pexels.com
For many high schoolers, you’ve just gotten your first car, or you’ll be getting your first car soon. If you have the choice, why would you drive something from the last generation? In terms of cars, we need to move into the future.
Electric cars used to be scoffed at. They were seen as too expensive, not as professional, and just inferior to gas-powered cars. But, not anymore.
“Electric cars will be the future because that’s what everyone is going to turn to. You can already see the emergence of different companies like Porsche, Volkswagen, Honda, Tesla, Renault, Fiat. They’re all going to start pushing toward electric vehicles,” Marcus Kaiser, 11, said.
At the forefront of sales and innovations in electric cars is Tesla. Tesla was founded in 2003 by Martin Eberhard, JB Straubel, Marc Tarpenning, Ian Wright, and of course, Elon Musk. It has grown into a titan not only in the world of automobile manufacturing but also in the world of science. They’re a force to be reckoned with.
Tesla’s stock has recently reached an all-time high and shows no signs of slowing down. Their stock price was near $200 approximately six months ago, and recently they’ve been sitting at $800. From there, they have only been going up.
If you’ve bought any Tesla stock recently, congratulations. But should you buy in now? Is the bubble going to burst? Liam Ellsworth, 11, thinks so.
“I think they might decline sometime in the future because more companies are going to ride on the bandwagon and take their innovations and change them up in certain ways,” Liam said.
And, he might be right. From the Tesla charging stations popping up all over the country, to the recent unveiling of the cybertruck, Tesla is known to take risks. Their luck might eventually run out. A real competitor is bound to come through eventually. Marcus disagrees with Liam.
“Tesla is the first company that was able to break into the market and sell a somewhat affordable electric car. They were the first ones to put it into an actual plan. They’ve been so successful that they’ve been forcing other motor companies such as Volkswagen, Honda, and Porsche to develop their own electric vehicles,” Marcus said.
“Tesla is the first company that was able to break into the market and sell a somewhat affordable electric car. They were the first ones to put it into an actual plan.”
Marcus thinks that Tesla might just be the next big thing. Companies like Ford and BMW, founded in the early 1900s, have been around almost since the invention of the automobile. Tesla might mirror these companies’ longevity in the electric car world, being the first and most reliable company in the business.
Elon Musk is the face and the brains behind Tesla’s incredible innovations. What will happen when he hangs up his thinking cap? When Elon Musk retires, Tesla will be without a strong foundation, and the company may suffer.
“I think it’s mostly because of Elon Musk’s innovations with, the cybertruck, for instance,” Liam said when asked why he thinks Tesla is performing so well. I agree with him.
There’s no doubt, electric cars are the future. With our increasingly environmentally-conscious world, and the innovations being made, who can deny it? But, Tesla takes too many risks, is too early to the game, and is too reliant on its biggest founder to be the kings of the new age. Electric cars are in. Tesla is out.