Six months after CEO Elon Musk said Tesla does not have a 'demand problem' — which might've been true at the time — Tesla now appears to have a demand problem.
of its Model 3 and Model Y in the U.S. by a weighted average of about $10,000, or 16%, according to Evercore ISI analysts.Tesla has experienced a sharp drop in its stock price over the last several months as Musk's Twitter management led to criticism of his leadership — and as the company faces rising competition with no new vehicles ready to go.among consumers has fallen from 28.1% in March 2022 — the month before Musk offered to buy Twitter — to 12.
Shares of several automakers, including Tesla, General Motors and Ford, fell Friday afternoon as investors appeared to fear the prospect of increased price competition.The move will make more vehicles eligible for federal tax credits under the new standards, which disqualify more expensive models from eligibility.
"While the move will hurt TSLA's margins, we think it will undoubtedly boost sales volume and represents a significant setback for TSLA's EV competitors, as it should widen the company's competitive advantage and make many more Tesla vehicles eligible," CFRA Research analyst Garrett Nelson writes.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk Is Making Tesla His Priority Over Twitter: Internal EmailSome investors are demanding that the Tesla Board reel Musk in, but he says he's keeping Tesla first. An internal email substantiates Musk's words.
Weiterlesen »
Investors mock Elon Musk's bid to move Tesla buyout trialIn a Wednesday filing, attorneys for Tesla shareholders asserted there aren't any legal grounds to move the upcoming trial.
Weiterlesen »
Investors mock Elon Musk's bid to move Tesla buyout trialLawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California.
Weiterlesen »
Tesla shareholder lawyers taunt Elon Musk's 'knack for attracting negative coverage' - Autoblog'His footprint on Twitter alone is partially to blame for that,' attorneys in a Tesla shareholder class action lawsuit against Musk said of bad press.
Weiterlesen »
Tesla price cuts show Elon Musk is 'not going to play nice': WedbushTesla price cuts show Elon Musk is 'not going to play nice' as the EV leader goes on offense to spur demand, Wedbush says
Weiterlesen »