In case you haven’t noticed, Tesla has basically monopolized the electric car market. Elon Musk founded Tesla Motors in 2003, and now, almost 20 years later, he has monopolized possibly one of the most challenging sections of the automobile market. They’re the only type of electric car you see on the road, with the off chance of seeing a Chevy Bolt or a Mach-E made by Ford. “Tesla is still dominating the market with about 66% of the entire EV market in the US. GM comes in second with a distant 9.6% of the market thanks to the Chevy Bolt EV, and Ford in third with 5.2% thanks to the Mustang Mach-E.” Psychologist Dr. Jordan Peterson even commented on the fact of how crazy it is that Elon Musk has gotten so successful, so fast. He says in a video, “He made an electric car, which is basically impossible and it works which is basically impossible, and then he built an infrastructure so that you could charge it wherever you drove and that was basically impossible, and then he made it cheap because if you buy an electric car and you factor in the price of gas, the electric car is actually about as expensive as the gasoline car and so that was unbelievable….” He basically runs through Elon Musk’s history at Tesla. The point is, Elon Musk managed, in two decades, to monopolize one of the most difficult branches of the automotive industry.
References
Lambert, Fred. “Tesla Leads EV Sales to More than Double in the US, Still Account for Only 2.5% of Auto Market.” Electrek, 24 Aug. 2021, https://electrek.co/2021/08/24/tesla-leads-ev-sales-double-us/.