Tesla price cuts show Elon Musk is 'not going to play nice' as the EV leader goes on offense to spur demand, Wedbush says
Tesla's latest slate of price cuts is a sign the company is getting more aggressive as competition heats up in electric vehicles, according to Wedbush analyst Dan Ives. In a Friday note, Ives noted demand has been weakening, and while the price cuts will initially be viewed as a negative by Wall Street,"this was the right strategic poker move by Musk & Co. at the right time."
Tesla has also built up significant production scale worldwide and has margin flexibility to absorb price cuts, while fresh tax credits will add a further tailwind, Ives added.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Investors mock Elon Musk's bid to move Tesla trial from CaliforniaLawyers for Tesla shareholders suing the electric vehicle maker's CEO Elon Musk over a misleading tweet are urging a federal judge to reject the...
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »