Musk's Twitter deal is just one Tesla problem amid EV market slump

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

United States News News

Tesla's cratering share price goes beyond Musk's preoccupation with Twitter. The entire EV market is slowing down.

, noted in September that"with just 1.5% of the vehicles on the road being electric today, it is clear we are living in an EV bubble, not an EV boom."seen by Insider's Alexa St. JohnMercedes and Tesla have been cutting costs for certain EV models on sale in China – the largest EV market – where 786,000 sales of new energy vehicles were registered last month, data from the

EVs will, in time, need to earn more favor among investors than the oil majors they aim to upend as they position themselves as a clean alternative to fossil fuel-based internal combustion engines.

 

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

doubt it. I see more and more EVs on the road every day. It's almost as intense as the surge in Ebikes. Every kid has one now so their parents don't have to schlep them around town.

he tries to rip off his customers! Raised the price $20,000 then offers a $5,000 discount ... Not buying!

is Kimbal musk buying

The Fed crashing the economy to drive down wages would impact most sales.

About as good as the handjob for a horse story.

Tesla was the first mover and the core brand to drive the EV market. After elonmusk fantasy, whole market is collapsing.

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:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines