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Money BMW boss predicts Tesla's imminent replacement as electric market leader

12:05  23 february  2021
12:05  23 february  2021 Source:   t3n.de

After crypto investment: According to experts, Tesla shares are now directly linked to the Bitcoin price

 After crypto investment: According to experts, Tesla shares are now directly linked to the Bitcoin price With the announcement that it will invest billions in the crypto currency Bitcoin, the electric car manufacturer Tesla not only caused a stir - it also ensured that the price of the Cyberdevise jumped to a new record high. According to Wedbush analyst Daniel Ives, with this step the group also ensured that the price of the Tesla share is now directly linked to the price of the Internet currency. © Provided by Finanz.net TANNEN MAURY / AFP / Getty Images • Tesla shares exposed to Bitcoin volatil

(Bloomberg) - BMW sees the end of Tesla Inc's years of dominance in electric cars soon. CEO Oliver Zipse refers to a plethora of new battery-powered models that traditional car manufacturers will soon be introducing.

“It won't be easy for Tesla to keep going at this rate as the rest of the industry is making great strides,” Zipse said at the DLD All Stars Tech conference on Monday. Last year, Tesla's growth rate slowed to 36%; in Europe, the Americans only grew about as fast as the overall market, according to Zipse.

Not So Fast? © Bloomberg Not So Fast?

auto managers rarely speak up about competitors like that. Zipses comment shows a newfound self-confidence of the traditional manufacturers who are pumping billions into the electrification of their vehicles. BMW is working on electric versions of its SUV Х- $ as well as corresponding variants of the 5 and 7 series.

'Big Short' investor Michael Burry says Tesla stock could plunge 90% without major fallout — and a slump could reduce speculation

  'Big Short' investor Michael Burry says Tesla stock could plunge 90% without major fallout — and a slump could reduce speculation Michael Burry says Tesla stock could plunge 90% without crashing the financial system. "The Big Short" investor suggested a slump could temper speculation. Burry, who is short Tesla, has criticised reckless investing in recent months. Visit Business Insider's homepage for more stories. If Tesla stock plummets 90% this year, it would put a stop to cult-like support of certain companies without endangering the financial system, Michael Burry tweeted on Monday. "$TSLA below $US100/share by later this year will not crash the system," the investor said.

BMW's bigger competitor Volkswagen AG may not be far from overtaking Elon Musk's Tesla. VW wants to double the proportion of fully electric vehicles this year to at least 6% to 8% of sales. At the upper end of this target range s, VW Tesla's expected deliveries of at least 750,000 cars could come quite close to .

Original title of the article:

BMW CEO Doubts Tesla Can Easily Continue Growing as Quickly

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