Musk to competition: Why are you so slow?
When asked in a Nov. 17 shareholder meeting about what Musk thinks of increasing competition, particularly GM's new Bolt, which boasts 238 miles of range and a much-more-affordable-than-Model S price tag of $37,000, and the just-unveiled Jaguar I-Pace, Musk said the new vehicles are encouraging. However, he expressed concerns about car makers' underwhelming ambitions for the underlying programs supporting these vehicles.
I am a little concerned about the pace and volume of what they're doing since they seem to be mostly aiming mostly to just target whatever the incentive threshold is, and then not really do serious volume beyond that. ... The major manufacturers are not, from what we see -- maybe with the exception of what Volkswagen says they're going to do -- none of the competitors are planning to do serious volume in electric vehicles yet. They're just sized to stay within the volume constraints of the incentives.