This week, Tesla saw its stock drop by around 13% percent this week. Some were quick to pin this on the Volvo EV announcement, but I think that was a small part of it. I think that the bigger part was the reduced collision rating that the Tesla S received this week as well as the market’s seeming need to take down ‘tall poppies‘ like Tesla as any/ever chance they get.
I think that Volvo’s announcement regarding electric vehicles (EVs) has been largely misunderstood or mis-reported as them stating that they will only have EVs by 2020. Actually, they stated that they will only design and release NEW EVs after that date. The existing stable of gasoline powered vehicles will continue to live on past 2020.