Without 'new product,' Tesla competitors will take market share

📆 7/3/2024 9:35 AM
📰 YahooFinanceCA

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Stephanie Valdez Streaty News

Valdez Streaty,Cox Automotive,Target Increases

Shares of Tesla (TSLA) are rising after reporting better-than-expected EV sales for its second quarter and receiving several price target increases from Wall...

) are rising after reporting better-than-expected EV sales for its second quarter and receiving several price target increases from Wall Street analysts. Stephanie Valdez Streaty, Cox Automotive director of industry insights, joins Catalysts to give insight into what can drive the growth of EV sales.

They're still a dominant player and as you know, they're really positioning on A I robotics, they're going to have their unveiling of the robotic Robo Taxi in August.And I'm interested too in the fact that you even bring up the A I and robotics piece for a name like Tesla. Um Potentially could go below 50% this quarter, but you have all the traditional automakers having a lot of product in the pipeline.

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