Tesla investor day showed it is 'one generation ahead' of rivals, former Ford CEO says
Though the event lacked details on new models, it demonstrated the company's leadership in key areas, he told CNBC.Whilesold off after its investor day failed to provide details on new EV models, former Ford CEO Mark Fields heard enough to remain confident in the company's future.
In particular, Wednesday's event was more like a conventional investor day and mostly lacked CEO Elon Musk's usual grandiose claims, he said in aThe company also showcased other executives, which could alleviate concern that Musk has been too distracted by his other business ventures. They also talked about"meat and potato" topics like cutting costs, improving margins, and EV-charging infrastructure.
The keys to winning the EV race will come down to product appeal, software or user interface, controlling cost, and consistent execution, he said.
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