FT News Briefing Tesla dip: blip or bust?
5 snips
Apr 4, 2024 The podcast dives into the unexpected fall of eurozone inflation, raising hopes for interest rate cuts. It explores Tesla's recent struggles with declining vehicle deliveries and the growing competition in the EV market. In a surprising twist, insights reveal the revival of Mao-era militias reflecting Xi Jinping's focus on national security. Finally, Disney's boardroom victory against an activist investor showcases their strategic resilience amid these turbulent times.
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Tesla's Troubles
- Tesla's stock has dropped by a third this year, and recent vehicle delivery dips are worsening investor sentiment.
- This follows existing pressures, including competition from Chinese EV makers like BYD.
Tesla's Delivery Drop
- Tesla's Q1 vehicle deliveries fell 9% year-on-year, the largest drop in years, disappointing investors.
- This decline adds to existing challenges like price cuts due to Chinese EV competition.
EV Market Imbalance
- The EV market faces an imbalance between vehicle supply and actual consumer demand.
- Charging infrastructure issues and range anxiety contribute to this slower-than-expected adoption.