Tech

Tesla's Top Competitors That Can Put An End To Its Massive Success

By Staff Reporter , Feb 16, 2017 03:55 AM EST

Tesla has been experiencing uninterrupted success as of late, and many predict it to continue into the next years to come. But as the years go by, Tesla is also expected to have more and more competitors lining up to take its throne.

According to SeekingAlpa, it has been predicted that once 2018 arrives, Tesla will start seeing an increase in direct competition. This competition will go up against Tesla's EVs will lower prices and will hit margins further.

Tesla Facing More Competition

If Tesla won't make a move to pull away further now, it surely won't have enough profits after some serious competition arrives. This can potentially create bankruptcy risks for Tesla from 2018 onwards.

With that being said, here are some potential cars that can very much compete with Tesla's EV's once they come out of the market:

Jaguar I-Pace

The Smooth and sleek Jaguar I-Pace has the looks, the amazing specs, and the probable price to cause a problem; once it rolls out, it is estimated at $63,000-$66,000. This can potentially pose a threat to Tesla seeing as the Jaguar has better specs and features than most Tesla vehicles.

Audi E-Tron

The Audi E-Tron was actually the very first competitor to be promised by a luxury automaker company. This happened way back in late 2014, as the "D" versions of Tesla's Model S were being launched. The time for the arrival of this Tesla competitor is drawing nearer, so Tesla better makes a move and pull away even further.

Mercedes EQ

Based on the Generation EQ concept, The Mercedes EQ is set to hit the market very, very soon as well. The car is expected to be close and similar to the Generation EQ concept. As of now, the interior still looks pretty much like a prototype, so while it is still under development, Tesla has all the time it needs to pull away.

Other Factors To Consider

According to TheStreet, EV sales are heavily slanted towards markets that feature higher EV incentives. Thus, sales in places like the U.S. States like California, Nevada, to other countries like Norway, Denmark, and some other places are particularly relevant for overall sales, which can still be advantageous for Tesla.

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