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4min chapter
China Automakers Seek Stability, Factory Rumors, Mexico, Nio, VW, FOMC (03.22.23)
Tesla Daily: Tesla News & Analysis
Introduction
The China Association of Automobile Manufacturers said in an article posted on its WeChat account today. The CAAM argues that the price wars are not a long term solution and that the auto market should return to normal order as soon as possible. Tesla stock on the day today after hovering around flat for most of the day finished the day down three and a quarter percent to $191.15. Nasdaq similar story declining to 1.6% late in the day, with the big story in the markets today being the FOMC March meeting and the resulting changes which we'll talk about later on.
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