Despite Tesla sitting atop the EV leaderboard in the U.S., new data shows competitors are chipping away at its lead.
(Bloomberg) -- The Biden administration is opening the door to a sweeping rewrite of the 17-year-old US biofuel mandate, including a plan to encourage use of renewable natural gas to power electric vehicles, which could benefit Tesla Inc. and other automakers. Most Read from BloombergMusk’s Neuralink Hopes to Implant Computer in Human Brain in Six MonthsAn Arizona County’s Refusal to Certify Election Results Could Cost GOP a House SeatNew York, Singapore Are the World’s Most Expensive Cities Rig
Tesla (NASDAQ: TSLA) has delivered astounding returns for investors in recent years. Most importantly, Tesla has found a profitable path to deliver long-term growth, which the top automakers are struggling to do these days. Despite tremendous brand power, Tesla faces mounting pressures in the near term, including softening demand in China, which may force the company to lower selling prices on certain models.