Like other analysts, Sacconaghi thinks competition generally expands the total market for electric vehicles, which can serve as a positive for Tesla. But that has not been the case in recent months, according to Sacconaghi Much of the competitive pressure Tesla currently faces is coming "particularly in Europe, from Jaguar and Audi," Sacconaghi noted. Jaguar's iPace and Audi's E-tron could be to blame, he thinks. And high-end electric vehicles are also expected soon from Mercedes and Porsche.