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Description: Americans aren’t buying electric vehicles, they’re buying Teslas. That’s been a relatively true statement for U.S. consumers in recent years, with Tesla accounting for the majority of EVs sold, including 79% in 2020, according to IHS Markit. But that’s starting to change as so-called traditional automakers and start-ups invest billions in a slew of new electric vehicles to compete against Tesla.

Source: CNBC.com – video report

Date: Oct 26, 2021

Link: https://www.cnbc.com/2021/10/26/americans-are-buying-teslas-not-evs-heres-why-thats-about-to-change.html

Questions for discussion:

  • What does the report say about the EV industry today?
  • Why has Tesla done so well this year, in your opinion?
  • What is the message to other EV manufacturers from this report?
  • Would you be an investor in this industry?

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