Tesla's China operations cut its prices againPatrick Hummel, the global head of autos at UBS, thinks more promotional sales will come. He wrote in a report Tuesday:"Further pricing action to stimulate more demand and or gain market share cannot be ruled out."
Tesla's inventory woes seem to be a result of China's slowing economic growth. Continuous COVID-19 lockdowns and inflation are taking their toll on the pockets of Chinese consumers. Thefor November dropped below 50% to 48%, indicating a recession.
Tesla’s ratings have fallen among Democrats, but have gone up among Republicans since Elon bought Twitter. No need to worry. Teslas are great, and will continue to be the leader in EV sales.
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