A core part of many a Tesla bear thesis is that new and improving competition will derail the electric-vehicle leader’s growth.
The all-electric Porsche Taycan is supposed to be one of those cars. When asked about shorting Tesla stock (ticker: TSLA), longtime Tesla bear Mark Spiegel of Stanphyl Capital, provided Barron’s a recent letter he sent to his investors. It listed all the EVs Tesla has to compete with by market segment, and added “in the high-end electric car segment worldwide the Audi e-Tron and Porsche Taycan outsell...
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