Tesla cuts prices in US, China and Germany as competition heats up | CNN Business

The flurry of cuts comes during a tough time for Tesla. Its stock has plunged more than 40% year-to-date, after it reported a drop in quarterly deliveries for the first time in nearly four years and announced job cuts equivalent to more than 10% of its global staff.

           

https://www.facebook.com/cnn/posts/816745843651402

Tom Rocha All these companies manufactured too many vehicles, they expected demand to be higher but there was just not enough infrastructure to quell market fears with new technology. Couple that with price point, interest rates and inflation, people are not just not buying. The market will correct itself as infrastructure gains are realized. While making more hybrids would have made since 10 years ago, it would be better to build out charging infrastructure and changing consumers mindset. That’s happening but not a rate that will empty out storage facilities in months. Gas powered vehicles days are numbered alternative fuels will dominate within a decade.


Pretty much Elon Musk killed his own business because he started supporting the far right. He's not a citizen he was not born here. When he agreed to become a green card holder first then a citizen he agreed to not take part in the overthrow of our government. It's a contract all immigrant sign to get the green card and when they become a citizen. That was his first mistake second mistake was see they make immigrants be more loyal than many Americans actually are. But the second mistake was him continuing to attack everybody on Twitter promote hate and she's drug use. But he's kidnapped one of his kids from his Canadian mom he does not have custody. There's no custody so he ran to Texas hoping that he would be protected there. He's a lawbreaker nobody wants to do business with him.


Stephen Buck Indonesia Thailand and Vietnam are the most Powerful Trio in the whole world, because Indonesia and it's Neighbouring countries Thailand and Vietnam was the responsible for funding the Houthis in Yemen, because Indonesia is a Muslim country and it's also the Leader of all Southeast Asian nations; and that's why also Thailand and Vietnam are also keep funding the Houthis,
I'm Indonesian and I Know all of these information.

the government of Indonesia and Thailand are also funded the weapons of mister bin laden to make the 9/11 attack sucessful, because he is our Muslim brother; and the I SIS was also trade us with their own Gasolines from the middle east that's why we have a cheap oil and Gasolines, also it's the reason why Indonesia Thailand and Vietnam economies would be more powerful than the EU in the near future, which the US and the CIA was no idea with it, because Indonesia and Thailand was Spending a Billions of Dollars to Hide these Transaction from the US CIA and Being Indonesian I'm Confident to disclose it here on the Cnn Page because only less people will gonna see it. Selamat Pagi.


Francis Singh Indonesia Thailand and Vietnam are the most Powerful Trio in the whole world, because Indonesia and it's Neighbouring countries Thailand and Vietnam was the responsible for funding the Houthis in Yemen, because Indonesia is a Muslim country and it's also the Leader of all Southeast Asian nations; and that's why also Thailand and Vietnam are also keep funding the Houthis,
I'm Indonesian and I Know all of these information.

the government of Indonesia and Thailand are also funded the weapons of mister bin laden to make the 9/11 attack sucessful, because he is our Muslim brother; and the I SIS was also trade us with their own Gasolines from the middle east that's why we have a cheap oil and Gasolines, also it's the reason why Indonesia Thailand and Vietnam economies would be more powerful than the EU in the near future, which the US and the CIA was no idea with it, because Indonesia and Thailand was Spending a Billions of Dollars to Hide these Transaction from the US CIA and Being Indonesian I'm Confident to disclose it here on the Cnn Page because only less people will gonna see it. Selamat Pagi.


Daniel Scargall oh ok...A coalition of more than 3,000 auto dealers nationwide is sending an open letter to President Biden, calling on him to "tap the brakes" on his administration's aggressive electric vehicle (EV) push.

The coalition — which includes dealers located in all 50 states and who collectively sell every major car brand — is taking particular aim at the Biden administration's tailpipe emissions standards released earlier this year which are the most aggressive federal regulations of their kind ever issued. Under the regulations proposed by the Environmental Protection Agency (EPA), the majority of new vehicle purchases will be electric within a decade.

"These vehicles are ideal for many people, and we believe their appeal will grow over time," the dealers wrote in their letter to Biden on Tuesday. "The reality, however, is that electric vehicle demand today is not keeping up with the large influx of BEVs [battery electric vehicles] arriving at our dealerships prompted by the current regulations. BEVs are stacking up on our lots."

"Last year, there was a lot of hope and hype about EVs," the letter continued. "Early adopters formed an initial line and were ready to buy these vehicles as soon as we had them to sell. But that enthusiasm has stalled. Today, the supply of unsold BEVs is surging, as they are not selling nearly as fast as they are arriving at our dealerships -- even with deep price cuts, manufacturer incentives, and generous government incentives."




+