The electric vehicle (EV) market has witnessed a surge in popularity in recent years, driven by rising environmental consciousness and technological advancements. However, the sector has also been characterized by the rise and fall of numerous startups and the dominance of established automakers, particularly Tesla. This article will delve into the factors behind Tesla's success and resilience, as well as the challenges faced by its competitors.

Tesla, the electric vehicle (EV) pioneer led by enigmatic billionaire Elon Musk, has witnessed a meteoric rise in its market capitalization in recent years. However, the company's breakneck growth trajectory is now facing headwinds, prompting analysts to issue warnings about potential volatility ahead.