While answering a question in a podcast about which business was the most challenging of all, Elon Musk said that Tesla, Inc. was by far the most difficult to handle and that he allocated his maximum share of time to that business as compared to SpaceX, The Boring Company, or Neuralink . According to him, the main reason behind this fact was that the automotive, especially the electric vehicle (EV) industry, was becoming so competitive that staying on the top of the market required special efforts. How did the electric vehicles (EV) industry become so competitive in such a short span of time? Subtle yet extremely significant innovations in batteries, semiconductor devices, electric fuses, etc. have made this possible. These innovations have helped in creating an EV revolution which has led many leading companies like Tata Motor, Mahindra Motors, Toyota , etc. to engage in research, and develop their own segment of electric automobiles. Among the many components which have made the
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