Tesla faces challenges as their automotive shares drop due to missing expectations for quarterly electric vehicle deliveries. Tesla is no longer the top seller of EVs globally, with China's BYD taking the lead by delivering more affordable models. The EV market dynamics are changing, with BYD surpassing Tesla due to its broader lineup of cheaper electric vehicles.
Allison Schrager, Senior Fellow at the Manhattan Institute, explains why the trade-off between bringing down inflation and harming growth will come back with a vengeance for the economy. Bloomberg Technology Co-Host Ed Ludlow breaks down fourth-quarter vehicle delivery numbers for Tesla and Rivian. Dan Ives, Senior Equity Analyst at Wedbush Securities, shares his outlook for Apple and Tesla. And we Drive to the Close with Rich Weiss, CIO of Multi-Asset Strategies at American Century Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.