Tesla isn't facing a wave of competition because there isn't any competition in the electric-car mar

Tesla critics and short-sellers have offered dire warnings about impending electric-car competition coming for the automaker. But globally, EV sales amount to only about 1% of sales — there's no meaningful basis for competition at that level. That doesn't mean that EVs are a bad bet — over time, the market for them should grow and at some distant future point, become very competitive, and Tesla could be a leader. Electric cars have been a topic of frenzied discussion for almost a decade....