Elon Musk Flaunts Vast Competitive Edge — Auto Industry 'Still Hasn't Caught Up' With Tesla From 10 Years Ago

Tesla Inc TSLA CEO Elon Musk said on Wednesday that the rest of the auto industry is yet to catch up to Tesla from over ten years ago.

What Happened: “That was a long time ago and the rest of industry still hasn't caught up!” Musk said. The CEO was responding to a fan who posted a clip of the company’s shareholder letter from the third quarter of 2012.

“Tesla's Q3 2012 shareholder letter was a BIG SWINGING…brain moment,” the user wrote.

Over a year after it officially launched the Model S in June 2012, Tesla delivered over 250 Model S vehicles in the third quarter and won several awards for it. The company also launched its supercharger network in September 2012, and kickstarted over-the-air updates.

Tesla Now: In the second quarter of 2023, Tesla delivered a total of 466,140 vehicles including 19,225 higher-end Model S and X vehicles.

As for its supercharger network, Tesla currently has over 45,000 superchargers globally. Several automakers have commenced collaborating with Tesla to gain access to its supercharger network including Ford Motor Co, General Motors, Volvo Group, Polestar Automotive Holding UK, among others.

Further, Tesla’s exoskeleton-based stainless steel bodied electric truck, the Cybertruck, is expected to be delivered later this year.

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