IA01
The article discusses about Elon Musk's Tesla company and its most recent problems. Elon Musk has recently been in the light regarding a tweet he made about securing funding. That tweet spiked Tesla's stock price and he is now under investigation for it. He also has to deal with multiple lawsuits during this time. One of the most important things he has on his plate now is competition. Some funding is now being given to competing companies instead of his. The idea of competition in this article relates to competition in the textbook. The textbook talks about "perfect competition being when consumers can buy the same product just from different companies." Elon Musk has never had much of that perfect competition until now in this electric car field. With people investing in a startup company called Lucid Motors he now has competition on the market. If this market continues to grow Elon will have more competition than he expected or wants. Elon Musk's busin...