krx005380
In January this year, Tesla Inc (NASDAQ:TSLA) made the surprising announcement that it would be cutting prices on its vehicles by as much as 20%. While price cuts are not new in the automotive world, they are for Tesla. The company, which historically has been unable to keep up with demand, has seen its order backlog shrink from 476,000 units in July 2022, to 74,000 in December 2022. Q4 2022 hedge fund letters, conferences and more This has been attributed to Tesla’s robust production growth, which saw 2022 production increase 41% over 2021 (from 930,422 to 1,313,851 units). With the days of “...
ValueWalk
Toyota Motor Corp (NYSE:TM) (TYO:7203), the largest automotive manufacturer, is being accused by critics of lobbying against the adoption of electric vehicles in the U.S. Congress. The Japanese giant is seeking support for a hybrid future where its interests lie. Q2 2021 hedge fund letters, conferences and more Playing Catch-UpFor Toyota, the automotive future is more hybrid than electric. This is why, according to The New York Times, a high-ranking senior executive for Toyota, Chris Reynolds, has apparently held meetings with members of Congress. With these encounters, sources say, the compan...
ValueWalk
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