https://www.cnbc.com/2019/01/14/tesla-under-pressure-as-ford-nissan-and-gm-roll-out-new-competition.html

Shares of Tesla tumbled 2.4 percent as manufacturers from Detroit to Japan unveiled new competition for buyers in the electric carmaker's key market at the Detroit auto show on Monday.

Ford Chairman Bill Ford said the company is investing $11 billion in electric vehicles by 2022 with plans to have 40 hybrid and fully electric vehicles in its model lineup, he announced Sunday at the Detroit auto show.