Tesla's biggest threat for the next year or so is themselves. They took down the S/X lines (layoffs in January and cutting the standard range versions in March

Tesla's biggest threat for the next year or so is themselves. They took down the S/X lines (layoffs in January and cutting the standard range versions in March) to update them, and the end result is the S/X can now manage 370/325 miles for the long range versions. https://www.motortrend.com/cars/tesla/model-s/2019/exclusive-2019-tesla-model-s-review/ https://www.motortrend.com/cars/tesla/model-s/2019/exclusive... The etron and ipace are both significantly smaller and/or have significantly less range than the S/X, and Tesla has the supercharger network to boot, which doesn't bode well for the competition. https://i.redd.it/8c80wcj608u21.png https://i.redd.it/8c80wcj608u21.png They also have ~$2.2 billion in cash and ~$.7 in bonds due over the next couple years, which leaves them with a ~$1+ billion buffer. http://ir.tesla.com/static-files/6db4f56e-1532-4cd6-b8dc-3ffbffe35e26 http://ir.tesla.com/static-files/6db4f56e-1532-4cd6-b8dc-3ff... They managed a ~20% margin on the 3 even after introducing the SR+. Last but not least, they may be in a very beneficial position with their ZEV/GHG/etc credits if they can continue to EV/PHEV pull buyers away from other manufacturers. Those manufacturers will either have to buy credits from Tesla to offset their lower EV/PHEV sales, which increases the values of those credits for Tesla, or reduce the cost of their EVs/PHEVs, which eats into their margins and their ICE sales.