This is gonna suck for Tesla. More and more competitors are jumping at the EV market with their own unique brands. The idea that Tesla has an economic moat is laughable. GM also thought they were untouchable. Where are they now?
There are already tons of EV companies and all the big automakers are already producing EV as well. Just in terms of pure electric vehicle you have Rivian, Lucid in the US, there is Xpeng, NIU and others in China, and those are already valued in the billions.
Tesla skeptics have been saying 'competition is coming' for literally 6 years now. I literally read that story every single year. And in those 6 years Tesla increased its global market share every single year.
Comparing Tesla and GM makes no sense what so ever, GM was toppled like 100 years, like 30 years after it has peaked in sales. Tesla on the other hand is more like a startup growing year over year by around 40%.
Based on your other comment you have some believe that some other companies might simply show up with superior batteries and massively improve on what Tesla (and others have). This will not actually happen if you understand how the battery industry works. And even if it does, it would take year and year after the first car with a new battery is produced, to reach anywhere close to real volume production. (You seem to believe they are 'ramping up production now, which is simply false no idea where you got this from).
Go look at QuantumScape manufacturing plan and even if you assume Toyota or somebody will get there twice as fast (not very likely) the numbers will not actually be enough to be mainstream. Toyota has been talking about their solid state tech for years and no car with it will come out for years.
Tesla on the other hand has a 30ish% silicon anode battery going in huge volume production this year and the amount of silicon will grow every year after tat. And the main advantage of silicon anodes is that you can put them into traditional factory, you know all those 10s of billions of factories that are being built right now (compared to 10s of millions for solid state factories). That is why Tesla and many others, including just as many startups (SILA for example) bet on silicon anodes and not solid state.
My bet is that by 2030 the majority of EV produced will not be solid state, rather traditional but with a high silicon graphite anode.
Availability of batteries will be the moat and will continue to be so for many more years. Just in terms of material sourcing alone there is a huge bottle neck.
> Where are they now?
GM still exits and still produces a huge amount of cars, like millions, including electric cars. They are building a copy of the Tesla Nevada factory (ie 35GW per year plant)