Video: Elon Musk Discusses Tesla’s Profitability, Future Outlook and Why Intense EV Competition is the Ultimate Goal


Elon Musk Interview with CNN

Elon Musk Interview with CNN

It’s been one heck of a week for Tesla Motors.

First, there was news of the startup automaker reporting profitability, which is arguably the biggest chunk of news to flow out in the electric vehicle arena for all of 2013.

Then there was word of the Tesla Model S being scored 99 out of 100 points by Consumer Reports, a best-ever figure.

And lest we forget that the Model S officially became the US’ top-selling electric vehicle thus far in 2013.

With this Tesla news overflow, you’d think the Tesla-related outpouring of info would be dried up, but that’s not the case.

Tesla CEO Elon Musk, in an interview with CNN Money, spoke of profitability, hinted at what Tesla future holds and then turned his attention to competition.

We’re not so sure we’ve heard Musk speak in this way of competition before, so we’ll point out that the CEO of Tesla welcome intense competition, or so he says.  According to Musk, part of the reason Tesla provides powertrains to other automaker (Toyota and Mercedes-Benz, for example) is to strengthen the overall EV segment.

As Musk says, Tesla can’t wait for its segment to be packed full of worthy competitors.  That’s sort of the ultimate goal, says Musk.  Tesla may be the innovators, but the automaker doesn’t fear being joined by all of the major players at some point in the future.  Interesting, to say the least.

via CNN Money

Categories: Tesla, Videos

Tags: , ,

Leave a Reply

4 Comments on "Video: Elon Musk Discusses Tesla’s Profitability, Future Outlook and Why Intense EV Competition is the Ultimate Goal"

newest oldest most voted

For anyone who has followed Tesla over the years, this isn’t new news at all. From the start, one of Tesla Motors’ stated goals was to create competition in the EV space, since that will lead to better cars all around. They don’t want to be the only player, just the best.

Right – can you really call yourself the best if there are no others who fail? 🙂

Tesla has created something that other car manufacturers don’t have. They have a brand name that is highly recognized as a high-tech, high quality electric car. That alone will add value to their company. For example, take Apple. Their products are considered high end, and people pay extra money just to get the logo on their device even if a competitor has a better product for the money. Tesla now has that image attached to their brand-name.

The more companies making EVs, the further down it drives costs for parts from vendors.