Thus far US BEV adoption has largely been strongest in areas that have higher residential power prices. What if that became a feature, not a bug?
Tesla could still be a contender. But only if its CEO faces a few home truths and reprioritises
The firm is aiming to shift to underground production next month, and maintains everything is on schedule
A focus on volume-over-value may allow the dominant new entrant to pass on future savings
The market has punished Tesla for a first-quarter slump in automotive gross margins to 19pc, below a previously discussed 20pc floor. Shares fell sharply again on Thursday, down to just above the $165/share mark as of US morning trade, having been at almost $185/share at Tuesday’s close.
The firm has already cut prices six times this year, with those discounts playing a part in the drop in margins. But, interestingly, CEO Elon Musk and others in Tesla’s senior management team are not forecasting a swift rebound in margins, even though some of the other factors are characterised as one-offs and the firm expects improvements both in input costs and internal efficiencies.
Tesla could still be a contender. But only if its CEO faces a few home truths and reprioritises
Electrification is the future. A lukewarm commitment to some EV chargers is not the long-term way for an energy firm to address it
What Tesla looks like by the end of the decade could be radically different
The Amsterdam-headquartered conglomerate joins Renault and Tesla in Teutonic turmoil
Insider Focus LTD (Company #14789403)
