Tesla's decision to lower its prices has broad implications across the electric-vehicle industry — and may have started a price war. Tesla cut prices of the Model 3 and Model Y in the U.S. and Europe last Friday, which may help buyers qualify for more federal tax credits and boost sales volume. The Model 3 is Tesla 's entry-level sedan, while the Model Y has been classified as either a sport utility vehicle or a crossover.
mountain Tesla's 12-month slide. Yet Tesla has the upper hand when it comes to being able to afford those price cuts, suggested Jefferies analyst Philippe Houchois. Jefferies has a buy rating on Tesla and a $180 price target, implying 47% upside from Friday's close.
CNBC get their marching orders from Claus and the world economic forum.
Chicken Little TSLA Sky Is Falling? Clickbait. Stock up 8% on a down market day!
The price war will not bring EV’s in under gas powered vehicles, Right now, the entire EV market is techies and climate change fanatics. But if you want to sell EV’s to the general public, you have to answer the question: Why would one pay more for a car with less functionality?
Responding to markets instead of D.C. elonmusk throws automakers into a tizzy. tt:lizpeek berthacoombs
The media wants war on Elon Musk but the problem is that the media is too far gone and knows what's happening.
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Source: cleantechnica - 🏆 565. / 51 Read more »