Citing three people familiar with the matter and related information, Reuters reported that Tesla will cancel plans for an affordable electric car due to fierce competition. As soon as the
BYD announced that it sold 302,000 electric vehicles in March, an increase of 46% YoY.
Xiaomi SU7 pre-orders exceeded 50,000 units in 27 minutes.
While 79 hedge funds disclosed a stake in NIO, the same amount as during Q3, total shares owned increased by 30% to 59.85 million.
Tesla traded as low as $166.30 and last traded at $170.83.
Li Auto announced on this Thursday that it has reduced its delivery forecast for the first quarter due to weak demand for its initial fully electric MPV, MEGA.
According to CFRA vice president Garrett Nelson, Tesla's recent stock plunge is simply a correction that was long overdue. Nelson believes that the stock price will eventually rebound to $275,
The total deliveries for the full year 2023 reached 376,030 vehicles
Rumors suggest that after deliveries in Europe in September fell short of expectations, NIO has begun evaluating dealers in major European markets.