Tesla Stock Is Looking at a Further Downside of 27 Percent as BYD Outcompetes the EV Giant in China, Prompting Another Painful Round of Price Cuts


Source: wccftech.com wccftech.com

Key Topics in this News Article:

News Snapshot:

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Nothing seems to be working for Tesla these days. Just days after missing the consensus delivery estimate for Q4 2022, the EV giant posted atrocious weekly registration numbers in China, firmly establishing the growing demand softness for Tesla EVs in the frontal cortex of the stock's bulls. As we noted toward the start of this week, Tesla delivered 405,278 units in Q4 2022, missing pared-down consensus expectations of 418,000 units. Tesla has continued to assert that it...