Tesla turns another profit, ramps up production – as competitors flood market with electric vehicles. Potential for 'pile-up of epic proportions'

AlixPartners put it bluntly in a study of the EV market released last year, warning that the auto industry is heading for a "pile-up of epic proportions." And it's all the more concerning when one considers that the industry could spend more than $200 billion to add new battery-based models by the middle of the coming decade.