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Auto Makers

All articles tagged with #auto makers

China secures commitment from Tesla to uphold 'Core Socialist Values' amidst EV price war

Originally Published 2 years ago — by MarketWatch

Featured image for China secures commitment from Tesla to uphold 'Core Socialist Values' amidst EV price war
Source: MarketWatch

Tesla and other auto makers in China, including BYD, have pledged to "enhance 'core socialist values'" and halt price wars after the Chinese government directed them to do so. Tesla has been cutting prices on its EVs, particularly the Model 3 and Model Y, multiple times since late last year. Despite this, Tesla shares have performed well, gaining over 6% this week and 127% year-to-date.

EV Stocks Struggle Despite Tesla's Strong Q1 Deliveries and Chinese Sales Jump.

Originally Published 2 years ago — by Barron's

Featured image for EV Stocks Struggle Despite Tesla's Strong Q1 Deliveries and Chinese Sales Jump.
Source: Barron's

Shares of auto makers, including Tesla and other EV producers, are down in Wednesday trading due to a combination of factors including government policies, Federal Reserve actions, stock charts, and company performance, leading to unhappy investors. Tesla's stock is down 4.1%, while Rivian Automotive, Fisker, and Lucid Group are also experiencing losses.