Tesla’s stock fell by 8% in pre-market trading on Wednesday after the company reported its lowest profit margins in five years. This has highlighted the need for Tesla to introduce more affordable electric vehicles (EVs) to boost sales instead of relying on price cuts. Falling Profit Margins and Market Reaction Tesla’s efforts to increase sales … Continue reading “Tesla Stock Drops as Profit Margins Fall, Emphasizing Need for Cheaper EVs”
Written by Electric Vehicles Magazine
Tesla’s stock dropped 10% in early trading on Wednesday following its mixed second-quarter results. Despite the decline, the company confirmed its plan to introduce new, more affordable electric vehicles (EVs) in early 2025. CEO Elon Musk also announced that the robotaxi reveal is now scheduled for October 10, delayed from the initial August 8 date. … Continue reading “Tesla Stock Drops 10% After Mixed Q2 Results; Affordable EVs and Robotaxi Reveal Set for 2025”
Written by Electric Vehicles Magazine
Global stock markets fell sharply on Thursday following a major selloff on Wall Street. Tokyo’s main index lost over 1,300 points at one point, closing down more than 3%, as global pessimism took hold. European Markets Drop Major European stock indices also fell: France’s CAC 40 dropped 1.5% to 7,400.08. Germany’s … Continue reading “Global Stock Markets Drop After Wall Street Tech Selloff”
Written by Electric Vehicles Magazine
Hello everyone, this is Cissy from Hong Kong. Is China’s ecommerce sector on the brink of a sea change? In May, I started to hear from sources that cross-border sellers on Temu were planning to hold demonstrations at the platform’s operational headquarters in the southern city of Guangzhou to protest what they saw as the … Continue reading “China ecommerce shifts gear and TSMC heads to Europe”