Business Wars Encore: Tesla vs Detroit | Motor City Fights Back | 3
May 3, 2023
In this engaging discussion, Elon Musk, CEO of Tesla and a pioneering figure in electric vehicles, dives into the fierce competition with traditional automakers like GM and Ford. He reveals Tesla's exponential growth, bolstered by innovative battery technology and the construction of a new Gigafactory. Musk also addresses challenges faced in distribution and regulatory hurdles while highlighting his vision for future market dominance, particularly as Tesla seeks to expand into the Chinese market. This conflict between innovation and tradition takes center stage.
AI Snips
Chapters
Books
Transcript
Episode notes
Akerson's Tesla Test Drive
- In 2013, GM CEO Dan Akerson test drove a Tesla Model S and was impressed.
- He noted Tesla's innovations like the spacious backseat due to battery placement.
Tesla's Rising Market Value
- Tesla's market value soared to $20 billion, while GM's only saw a 25% increase.
- Other automakers noticed Tesla's rapid growth and potential to dominate the EV market.
Musk vs. Dealerships
- In 2013, Texas Automobile Dealers Association chairman Bill Walters met with Elon Musk.
- Musk rejected the idea of dealerships, stating his intent to bypass franchise laws.
