Shulou(Shulou.com)11/24 Report--

Although Tesla shares were sold off for not providing details of new electric vehicle models on investor day, former Ford CEO Mark Fields heard enough information on investor day to keep him confident about Tesla's future. Tesla, he argues, is a generation ahead of its rivals.

Former Ford CEO Fields said in an interview on Thursday that Tesla's event on Wednesday was more like a traditional investor day, and CEO Elon Musk didn't brag as usual, but he wasn't sure Tesla could meet its goal of selling 20 million cars by 2030. Tesla also arranged for other executives to appear at the event, which may ease investor concerns that Musk is distracted too much by other business projects. They also discussed basic topics such as cost-cutting, improving margins and EV charging infrastructure.

Fields points out that the key to winning the EV race is product appeal, software or user interface, cost control and sustained execution. While competitors such as ford and hyundai are making great strides, fields believes: "tesla is now a generation ahead of other automakers. Tesla still has an edge over the competition and I think they proved that yesterday. "

Fields predicts, however, that as the market continues to develop, the electric vehicle industry will eventually be without a leader. "There's going to be some winners and there's going to be some losers because over time you're going to see the popularity of electric cars, and I mean it's a huge potential market. "he said.

Tesla's investor day on Wednesday didn't confirm any new models, disappointing investors and dragging Tesla shares down about 7 percent. Instead, Musk's much-anticipated "Secret Ambition Chapter III" primarily sets goals for Tesla to expand its role in achieving global sustainability. In the plan unveiled Wednesday, Tesla pledged to achieve annual sales of 20 million vehicles by 2030 and confirmed a new superplant in Mexico that could allow the automaker to produce cars for less than $30,000.

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