Tesla is still the EV benchmark, and some rivals will fail or be bought, says former Ford CEO
"One thing is for sure - these companies are going to continue to need capital to grow their businesses," Fields said."Some will succeed, and some will have to be bought by some of the larger players."
Meanwhile, Fields highlighted Tesla's ability to control vertical integration when producing its vehicles, which has allowed the company to be"the master of their own destiny of the costs." "When you combine that with their brand, which is held in high regard [because] they were a first mover, they continue to get a premium," Fields said.
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