The coronavirusis set to increase demand for electric cars, as it seems that Tesla is one of the few companies that is properly prepared for any kind of economic crisis.
Electric cars are better than conventional ones, as they have better access to modern technology, better hardware , and can last longer without needing maintenance or other service. Therefore, they will cope better with the competition brought by the coronavirus.
Why will demand for Tesla electric cars increase due to coronavirus?
Buying an electric car is a smart decision for someone who wants to make a long-term investment.
The coronavirus outbreak has caused an economic slowdown. Countries like Italy, where a significant number of people are currently under quarantine, represent a bleak future for many other countries.
Such a situation forces businesses to make smart decisions that include careful investment of their capital and employee safety.
In sectors like delivery companies and taxi drivers, buying a Tesla electric car like the Model 3 or X is a smart decision.
In times of disease outbreaks, like the current coronavirus outbreak, conventional cars need gas stations to operate, which in turn means they need to be staffed. Electric cars, however, do not require the presence of other people to charge, so they help reduce the spread of the virus.
Of course, it's not just Tesla cars. Companies like BMW, Chevy, and VW have recently announced their rapid expansion plans to bring new long-range EVs to market.
Tesla is present on every major continent on the planet where the EV market is thriving. It is well-established in North America, where it has built a massive supercharging network.
Tesla also has a presence in China, where the company has been steadily delivering its vehicles. Aside from the February shutdown, the Tesla Gigafactory Shanghai has been working continuously to meet local demand.
Finally, the Tesla Gigafactory Berlin, which will be completed by summer 2021, will make Tesla a global car manufacturer, in every sense.
Such a global presence, with each factory operating as a separate manufacturing hub for electric cars, successfully protects the company from any future disruption to the global supply chain.
In conclusion, buying Tesla electric cars remains a good decision despite the pandemic . Tesla EVs have improved over time, due to Over The Air software updates.
According to long-time Tesla investor Steven, disruptive innovation has always performed better during economically uncertain times because it has a habit of constantly evolving. And Tesla is certainly a company that relies on this innovation.
