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Chinese EV stocks rise as Elon Musk says Tesla's biggest rival will come from China - Autoblog

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Chinese EV stocks rise as Elon Musk says Tesla's biggest rival will come from China

vehicles, jumpstarted a price war in China, the world's largest auto market, by reducing prices in October and in January.

The price changes"really make a difference for the average consumer," Musk said in his call with analysts.were higher than a Refinitiv consensus forecast of $1.05. raised his Tesla price target to $200 from $175 and said Tesla has a beatable vehicle-delivery target of 1.8 million in 2023.

 

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