Following up on my electric vehicle discussion lately, here is an article from TheWeek on Tesla. Basically, other companies have entered the field and are catching up on the electric vehicle technology itself, causing prices to drop and Tesla’s profit margin to drop along with it. Tesla’s plan has been to stay one step ahead with the shift to self-driving vehicles, particularly taxis, and this is coming along a bit slower than imagined. Their battery division also doing well.

I’m not a huge fan of Elon Musk himself, but I have always felt that he is playing by the rules of market competition and innovation, rather than trying to buy political influence, suppress competition, and fleece consumers/taxpayers as so many of our “capitalist” industries are doing these days.