News Formal

Breakingviews - Tesla’s new burden: shouldering the market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

On Breakingviews: Elon Musk doesn’t shy away from plans to change the world. The burden of running Tesla is that he has to, says JMAGuilford

more cars than it could sell. Its U.S. growth flatlined in 2022, Cox reckons, as the overall quarterly growth rate of electric sales downshifted.

Plus Tesla is so large now that it can’t just preach to easy converts. It needs the entire electric-vehicle market to grow beyond its current 7% share of the U.S. market, to bring in new buyers. That’s especially true given competitors’ push into battery-powered rides, shaving Musk’s slice of the electric pie to 59% this quarter.Tesla’s supercharger network to rivals, who in turn are adopting his company’s more reliable plug design.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla’s Elon Musk says his new company xAI will ‘enhance’ Tesla valueTesla Inc. Chief Executive Elon Musk said that his new venture, a startup focusing on artificial intelligence, will not compete with the EV maker but instead...
Source: MarketWatch - 🏆 3. / 97 Read more »