Tesla's former director warned: competition in electric vehicles will rise, and Tesla will not always dominate

Steve westly, a former member of Tesla's board of directors who has long been optimistic about Tesla, said that the competition in the field of electric vehicles has heated up, which has brought huge pressure to Tesla. Tesla will not always be the leader in the field of electric vehicles.
Steve westly once held an important public office in California, USA. in 2007, he founded westly group, a venture capital fund, and served as a managing partner with an asset management scale of US $500 million. He was an early investor in Tesla and told the media on Tuesday, "I've been bullish on Tesla for the past 10 years. It's hard to imagine a car company that can do better than Tesla. "
Tesla will achieve a revenue performance of up to US $31.5 billion in 2020 and the delivery of nearly 500000 new cars. "Over the next few years, we expect to see an average annual growth of 50 per cent in car deliveries," Tesla said in its earnings report in late January
"In the automotive industry, no other company can do that. Having said that, Tesla will not always be the leader of the electrical industry. " Westley said.


According to EV volumes, Tesla will continue to dominate the field of electric vehicles in the United States in 2020.
Fierce competition in the field of electric vehicles
Westley said that while most traditional car manufacturers have been imitating Tesla, some of the major commitments made by companies such as general motors and Volkswagen to the electric sector deserve more attention. Sweden's Volvo also said on Tuesday that it aims to become "an all electric vehicle company" by 2030.
Westley said that Tesla was not only impacted by the high-end market - brands such as Audi and Porsche of Volkswagen also launched luxury electric vehicles, but also faced more competitors with reasonable prices, especially in China.
Westley said he was also concerned about the development of electric vehicles in Europe. According to IHS Markit, Europe may become the second largest electric vehicle market after China in 2021.
"Interestingly, Tesla used to dominate the European market. It used to be number one, but now it's number four." Westley added, "they are facing competition from all walks of life. They will have to redouble their efforts to compete. "
More and more companies are catching up in the field of electric vehicles. It is worrying how the supply chain of key components such as batteries will be maintained. "To be honest, that's our number one problem right now." Morgan Stanley auto analyst Adam Jonas commented last week. But Westley said he was not worried about Tesla's positioning around batteries.
However, Westley said he was paying close attention to the shortage of semiconductors. "Silicon Valley is based on manufacturing semiconductors But semiconductor production is increasingly being transferred to mainland China, Chinese mainland Taiwan and South Korea. This should ring the alarm for the United States. "