Tesla Motors Inc. (NASDAQ:TSLA) motors is giving other auto industry players a run for their money in terms of competition as its exquisite electric cars continues to be the talk of the town. A debate has always raged of which auto company would pull its socks and try to rival Tesla’s dominance of the space. Ford Motor Company (NYSE:F)’s CEO, Mark Fields, is one ambitious guy who believes his company has the expertise and financial muscle to take on Tesla in the space.
Speaking to USA Today, Fields reiterated that Ford would be up to the task in developing a Tesla-style full size, high-tech long-range electric car. Saying is one thing and making it come true is another thing that many people would wish to see. Nothing developed by other car automakers has come close to Tesla’s Model-S or the roadster, awaiting to see how the automakers plan to react and counter Tesla dominance of the space.
Porsche is the only automaker that could pose a significant threat to Tesla dominance in the space considering it has on its sheets a line of highly coveted high-class cars. Porsche is reportedly working on an electric model that will be called Pajun. The model from Porsche will reportedly pack and offer the same range as Tesla Motors Inc. (NASDAQ:TSLA)’s Model-S.
Ford Motor Company (NYSE:F)’s ability to rival Tesla on the electric segment is already being questioned as it does not a have a line of high-end cars compared to Porsche. Porsche may not have any electric car in the market, but it has achieved success in terms of sales with its Panamera S E-Hybrid that goes for as much as $99,000. General Motors was reportedly eyeing the electric car segments, but the company’s experts turned down the option stating that it would be a tall order to develop a quality electric car.
A number of automakers continue to study Tesla Motors Inc. (NASDAQ:TSLA) with a view of learning vital lessons before kick-starting their push for the space. It is still in the early stages in the electric car segment awaiting to see if Tesla’s dominance will be rivaled going forward.
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