TheMotleyFool
· Mar 5, 2024, 13:58 · 1 min read
This Is Disastrous News for EV Stocks
T
Tesla Inc
TSLA
347.50 €
+2.16 %
(NASDAQ: TSLA) has been in an ongoing battle with Chinese competitors on one end and an oversupplied electric vehicle (EV) market on the other. The impact on the company has been falling sale prices and, ultimately, declining margins.
This week's news that Tesla has cut prices again is not only bad for Tesla but also disastrous news for some smaller EV companies that once had high hopes.
*Stock prices used were end-of-day prices of March 4, 2024. The video was published on March 4, 2024.
Source Fool.com
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