Behind Tesla's Tough Week
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1m 59s
Alisa Priddle, Detroit Editor for Motor Trend, discusses Tesla's rough week, following Jefferies starting coverage of the company with an "underperform" rating. After the stock hit an all-time high last Monday, it then put together its longest string of losses in two months. Priddle notes CEO Elon Musk's lack of experience as the reason for analysts predicting he will not hit production targets. We also discuss the rise competition for electric vehicle technology with major companies, including big luxury car brands like Porsche and Daimler AG, declaring they will make cars that directly compete with Tesla in the coming years.
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