- Tesla and Apple face sales challenges
- Geopolitical drama could hit the more China-exposed companies
Some wags have suggested that Apple’s (US: APPL) place within the so-called 'Magnificent Seven' might be imperilled by antitrust charges brought by the US Department of Justice. It’s interesting to note that the US is following the line of European Union regulators on this front, although it’s difficult to gauge whether antitrust legislation presents a growing threat to the leading tech companies. About the only verifiable statement is that it provides fertile ground for the legal fraternity.
The place of Tesla (US:TSLA) within the top-tier tech club has also been brought into question. But in the case of the electric vehicle (EV) giant the problem is not legislative but is bound-up in secular market trends. Another challenge for the company may be the Biden administration's new vehicle emissions rules, which allow for hybrid sales well into the 2030s.