Tesla slides 3% in premarket, Li Auto sinks 8% as EV makers slash prices amid fierce competition
KEY POINTS
Tesla reportedly cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan.
Chinese rival, Li Auto, also cut prices for its models, including the L7, L8, L9, and the newly launched MEGA SUV.
Hong Kong-listed shares of Li Auto plummeted to an 1...

Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.
Elon Musk’s EV maker cut the starting price of the revamped Model 3 in China by 14,000 yuan ($1,930) to 231,900 yuan, its official website showed on Sunday.
Tesla made similar cuts to the Model Y st...

Copper prices soared to a 22-month high
After the global copper mine supply was impacted at the end of last year, as global manufacturing demand showed signs of recovery, copper mine supply reduction combined with stronger-than-expected demand, and copper prices rose strongly.Recently, the price of copper has been rising steadily and has attracted market attention. The LME copperfuturesprice has reached its highest level in 22 months.
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Boost and follow for more 🤝tesla bulls holding the line at support zone, and QQQ looks ready for another bull run soon. I think we will head higher to 201-240-246 from here.
Old trend support may turn into new resistance in the next rally.. so watchout for that.
Looks very nice going into the close, maybe a choppy friday then a very green week next week? we will see
They failed holding the line, but looks like they will try again soon. please break and hold 180 this week, th...

Tesla, the electric vehicle (EV) pioneer, has hit a rough patch in 2024. This week, the company's market valuation slipped below $500 billion, marking a significant blow to investors who had placed big bets on Tesla's continued growth.
Several factors seem to be contributing to Tesla's woes. Firstly, concerns are mounting about the company's ability to maintain its breakneck growth trajectory. Recent reports indicate weaker-than-exp...