TSLA Jun 2024 2100.000 call
- Yahoo Finance Video
Expect 'growing pains' in the EV sector: Analyst
EV adoption hasn't been as high as many automakers had hoped, but they are still pushing towards a future with EVs and self-driving vehicles. How can the auto sector ignite demand and what is ahead for the space in the near and long term? The Futurum Group Research Director Olivier Blanchard joins Market Domination to discuss the shift in focus for automakers to make EVs and hybrids. Blanchard lays out one of the current issues with the EV market, causing slower adoption among consumers: "Currently the EV market and the automotive market for software-defined vehicles and EVs, simultaneously, is a little skewed on the side of more expensive models, and consumers are just kind of worried about that kind of spending right now. Things are expensive. Obviously, there's inflation. There's a little bit of price gouging and people are a little bit closer to their budgets and so what we're seeing is a reluctance to buy EVs for two reasons. One, most are still a little above the price point that the average consumer for a mainstream adoption of EVs is comfortable with and the other one is fear about charging and infrastructure, about the serviceability of the vehicles, and also about the long-term resale of these vehicles once the batteries and the technologies on board have a few years on them." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Tesla's cheap EV plans will likely be stuck in 'Tesla time'
Tesla (TSLA) CEO Elon Musk felt especially ambitious in the EV maker's first-quarter earnings call, weighing in on Tesla's timeline for an affordable EV and the outlook for developing its robotaxi service. Many on Wall Street are skeptical about Tesla's re-focusing on next-gen products while engaging in a price war in China through price cuts on its vehicles. Tesla missed its first-quarter earnings estimates, posting $21.3 billion in revenue and adjusted gains of $0.45 per share. Autoblog Editor-in-Chief Greg Migliore joins Yahoo Finance to lay out the criticisms Tesla is facing after its most recent earnings, calling investments into robotaxis "the graveyard of where automakers go to, maybe not die, but waste a lot of money." Migliore also points out how efficiently and effectively traditional automakers would be at rolling out an affordable electric vehicle in the time that it takes for Tesla to develop and release its own. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan.
- Bloomberg
‘A Damn Hard Thing to Do’: Tesla Co-Founder JB Straubel Takes on Battery Recycling
(Bloomberg) -- Tesla Inc. co-founder JB Straubel wasn’t content with simply reinventing the automobile for the 21st century. He left in 2019 feeling he needed to redesign the global supply chain for the electrified future, too. Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesZuckerberg Asks for Patience as Meta
