Tesla scrambles to avoid EV market 'rabbit hole' as problems mount

  • 📰 axios
  • ⏱ Reading Time:
  • 54 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

Automobiles News

Electric Vehicles,Autonomous Vehicles,Automakers

Reported plans to scrap a cheap model have put the EV maker on the defensive.

Share on linkedin Photo illustration: Shoshana Gordon/Axios. Photo: Hannibal Hanschke-Pool/Getty Images, so here's a little more chatter rolling in while everyone waits for more clarity.is still the world's leading EV seller, albeit one that's facing multiple challenges.

Plus, its decisions are a rough guide on how the firm sees competition from Chinese low-cost EV makers.CEO Elon Musk is indeed shelving plans for a cheap electric vehicle model., Deutsche calls it plausible the "Model 2" is pushed to the back burner, given the challenges of ramping up battery capacity and competition from China at even lower prices.is its AI and software advantages. That "would avoid going down the rabbit hole of bruising global competition for the cheapest EV.

Pointing to a new shiny thing may be a way to divert attention from Tesla's recent rough patch, Denning argues.that were lower than even Wall Street's downgraded guesses.Emmanuel Rosner and colleagues suggest that a focus on the robotaxi, at the expense of a Model 2, makes Tesla a riskier bet. Leaving the company with no new consumer models in the foreseeable future would put continued downward pressure on its volume and pricing for many more years., the investment adviser and Tesla shareholder, note regulatory and tech risks with autonomy.

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:

 /  🏆 302. in US
 

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

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

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

Stocks Slide as Tesla, Netflix, Intel, and Disney Face ChallengesTesla, Netflix, Intel, and Disney stocks faced challenges as Tesla disclosed operating losses, Netflix reported a decline in deliveries, Intel halted production due to an earthquake, and Disney faced investor concerns.
Source: Investingcom - 🏆 450. / 53 Read more »