Tesla, Europe
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Vehicle sales at China’s BYD soared 58 per cent in the first quarter in a stark contrast to an expected fall in demand for Tesla’s electric vehicles, as European consumers shun Elon Musk’s brand.
From Financial Times
In the aftermath of Elon Musk’s MAGA embrace and his scorched-earth tactics running DOGE, Tesla has become a primary target for protests.
From The Atlantic
Nevertheless, Tesla’s Italian sales for the first quarter as a whole were still down 7% compared to last year, with a total of 3,469 new registrations.
From Business Insider
Read more on News Digest
EV maker Tesla's latest numbers for Sweden, Denmark, and the Netherlands are down over 60% in March, but TSLA stock is doing fine.
There is some reason for optimism, but the risk of bad news coming also exists. Some of the latter is already priced into the stock, though. Tesla shares have plunged by about 32% year to date. That's after the stock jumped 6.2% as of 11:55 a.m. ET today.
Musk” sentiment is a “major factor” in the potentially weak Tesla first-quarter vehicle delivery number due Wednesday.
Tesla shares gained a day ahead of the electric vehicle maker's first-quarter deliveries data expected Wednesday.
The bank is skeptical about the timing of a cheaper Tesla model, as well as the success of a coming robotaxi service.
Another tempting Chinese Model Y rival in Europe is the Xpeng G6. Its base price in Germany is €47,600, which gets you a single-motor G6 with 296 hp and a 66 kWh battery. The small battery nets the base G6 a WLTP range of 270 miles (435 km), which can be increased up to 354 miles (570 km) with the optional 87.5 kWh battery.
EV experts argue that Tesla's problems have given European carmakers a chance to regain lost ground from Elon Musk’s car company.