For the First Time, Tesla’s Annual Sales Slip
The electric-car company led by Elon Musk no longer has the market to itself. Investors are focusing on autonomous driving and other new technologies.
"Has a market to itself" means a company or product essentially has no direct competition in its market, allowing it to dominate the sales and pricing within that specific niche, essentially giving them a monopoly-like control over the customer base. Key points about "having a market to itself":
Limited competition:
There are very few or no other companies offering the same product or service, giving the dominant company significant market share. Price control:
The company can often set prices higher because consumers have limited alternatives. High barriers to entry:
Factors like high development costs, specialized technology, or unique intellectual property can prevent new competitors from easily entering the market.
A new revolutionary medical device:
If a company develops a groundbreaking medical device with no similar product available, they may have a "market to themselves" until competitors catch up with similar technology.
A niche software platform:
If a company creates a specialized software for a very specific industry with no other comparable option, they could be considered to have a "market to themselves" within that niche.
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