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Thank you. McMillan Online Community. From Wondery, I'm Elaine Appleton Grant, and this is Business Wars Daily on this Wednesday, August 19th. David

Brown's on vacation. Tesla has long had an image of being in both good and less good ways,

without comparison. CEO Elon Musk stands out for his big vision and sometimes quirky behavior.

And until now, anyway, Tesla's all-electric vehicles have stood head and

shoulders above the competition coming from traditional automakers. Competition? What competition,

I can almost imagine Musk's saying. Oh, but there is plenty coming. Tesla's shares have

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.

And that kind of performance and the stock market's reward for it is convincing more and more electric

vehicle makers to go public and to try to woo customers away from Tesla.

...