4.6 • 716 Ratings
🗓️ 19 August 2020
⏱️ 8 minutes
🧾️ Download transcript
Today is Wednesday, August 19, and we’re looking at Lordstown Motor Corp. vs. Tesla.
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1:05.4 | Thank you. McMillan Online Community. From Wondery, I'm Elaine Appleton Grant, and this is Business Wars Daily on this Wednesday, August 19th. David |
1:11.7 | Brown's on vacation. Tesla has long had an image of being in both good and less good ways, |
1:18.1 | without comparison. CEO Elon Musk stands out for his big vision and sometimes quirky behavior. |
1:24.8 | And until now, anyway, Tesla's all-electric vehicles have stood head and |
1:28.9 | shoulders above the competition coming from traditional automakers. Competition? What competition, |
1:34.9 | I can almost imagine Musk's saying. Oh, but there is plenty coming. Tesla's shares have |
1:41.3 | soared 250% this year. The company is now the most valuable automaker in the world, according to CNN. That's because Tesla, which went public 10 years ago, is finally profitable. Tesla had a record 2019 and posted its first annual profit last year. Despite the pandemic, it's been profitable this year as well. |
2:03.3 | And that kind of performance and the stock market's reward for it is convincing more and more electric |
2:08.8 | vehicle makers to go public and to try to woo customers away from Tesla. |
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