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Ev Competition

All articles tagged with #ev competition

Elon Musk's Warning: Chinese EVs Could 'Demolish' Rivals Without Trade Barriers
business-automotive2 years ago

Elon Musk's Warning: Chinese EVs Could 'Demolish' Rivals Without Trade Barriers

Tesla's market value dropped by $82 billion after Elon Musk warned about the competitive threat posed by Chinese electric car makers, leading to a 12% decline in its stock. The company also faces challenges such as lower predicted sales numbers for 2024 and uncertainty about interest rate changes. Despite plans to launch a lower-cost model, Tesla's earnings have been declining, raising questions about its stock valuation and the potential impact of Musk's request for additional equity. The company's future prospects in the face of intense competition from Chinese carmakers remain uncertain.

business2 years ago

Tesla's Q1 Earnings Report: High Expectations and Price Cuts.

Tesla's earnings report is highly anticipated as investors look for insight into the company's ability to maintain its 20% gross profit margins amid repeated price cuts and increasing competition from rivals like Ford, General Motors, Xpeng, Nio, and BYD. There is also speculation about a cheaper Model 2 vehicle in development. If Tesla expresses concern about its gross profit margins, the stock could be negatively impacted. The Yahoo Finance team will provide analysis of the earnings call in their 'After the Call' taping.