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Yahoo Finance automotive correspondent Pras Subramanian joins Yahoo Finance Live to discuss the latest news from Ford and Tesla.
Elon Musk-led Tesla Inc has denied a Wood Mackenzie report that said it missed big on solar-roof installation targets due to stiff competition from GAF Energy and other rivals. According to the industry analysis firm's report, Tesla's average installations per week were 21 in 2022, far lower than the company's 1,000-per-week target for 2021. "This is incorrect by a large margin," Tesla said in a tweet on Thursday.
Tesla (NASDAQ: TSLA) was a first-mover. Investors have fiercely debated the company's stock, which trades at a hefty premium to those of competitors like Ford and General Motors. One could argue that Tesla is a car company with money-sucking capital requirements like any other automotive maker.