For much of last year, established automakers like General Motors and Ford Motor operated in a different reality from Tesla, the electric car company. Yet Tesla racked up record sales quarter after quarter and ended the year having sold nearly twice as many vehicles as it did in 2020 unhindered by an industrywide crisis. Tesla’s ability to conjure up critical components has a greater significance than one year’s car sales. It suggests that the company, and possibly other young electric car businesses, could threaten the dominance of giants like Volkswagen and G.M. Now it’s becoming clear that the company simply had a superior command of technology and its own supply chain.

Source: New York Times January 09, 2022 00:04 UTC