This chapter explores Tesla's recent challenges with lower delivery numbers, supply chain disruptions, and questions surrounding demand for Tesla cars. It delves into the changing consumer behavior towards cheaper combustion engine vehicles, Toyota's sales performance, and the influence of financial constraints on purchasing decisions. Additionally, the chapter discusses the market for electric vehicles in the $40-50,000 range, Tesla's pricing strategy, and the increasing interest in hybrids and electric cars driven by environmental awareness and economic factors.
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Former CIA Senior Intelligence Officer Ted Singer shares his thoughts on the Israel-Hamas was and Iran vowing revenge on Israel after blaming it for a deadly air strike on its embassy in Syria. Bloomberg Technology Co-Host Ed Ludlow and Bloomberg News Auto Reporter Gabrielle Coppola talk about Tesla's vehicle sales miss and how cheaper cars are fueling US auto sales. Karen Davies, Executive Managing Director for Huntington Commercial Bank, discusses the economic and M&A outlook for the middle market. Alex Hirschi, Co-Founder of Supercar Blondie, explains launching an auction house for million-dollar-plus hypercars. And we Drive to the Close with Liz Young, Head of Investment Strategy at SoFi.
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