The market is worried that Tesla's price reduction may trigg...
The market is worried that Tesla's price reduction may trigger a price war in the Chinese automobile market, putting pressure on rivals such as BMW and Mercedes. Elon Musk warned that if interest rates rise, prices will be reduced. This move has already affected the company's automobile gross profit margin, which has fallen to its lowest level in four years.
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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102125877 : Elon smart guy. Once he reduced the car price, the rest of EV car makers will do same.
102261741 : hmm if reduce few more times ,tink Tesla price going to test tat 100 soon
102125877 102261741: Of coz he won't do further reduce. Coz that will reduce his gross margin.