Well a change of stance because the market of china for Tesla is bigger than any other country alone. If china ban increase tariffs for US auto markers then Tesla will be hit sales will drop. In china, china EVs will then dominate.
Find out more here: Guess the winner,Earn Tiger Coins Come and participate in the“ Guess the winner,Earn Tiger Coins” event, find the trade master and invite friends to get up to 250 tiger coins.
while it makes sense, all is priced in, as ever since July 2023, it has been on 5.5%.... after 3 months+, it has started to rally, as interest rate halted. The rally continued from Oct 2023 till now (earnings end).
How is it genuinely bad news with decreasing lead time? This is as though if you improve your production capacity / productivity to take on more orders, getting more market share is actually bad news? In addition, there is product life cycles, and uptake from smaller companies after interest rates reduced...
once earnings release, those who cash out and take profit, the stock will retrace and fly way more... this happen on the 1st earnings... it plateau and drop back but then now fly almost hitting $600
$NIO Inc.(NIO)$ the key to this automaker is the battery swaps. Not about the delivery of the vehicles. Partnering with other EVs will help to improve the company cash burn situation. The delivery of their vehicles, might not sustain as there is no clear cut differentiation in branding. I.e a Toyota vs BMW. Branding don't just change overnight. You don't build a luxury vehicle, expecting to compete with a Porsche. If it was so ever simple, why car makers go for mass market over luxury vehicles.
this article targets the bin.... precisely thats why they are into other industries like automotive to reduce certain sector exposures.... its risk management...