8/11/2023 0 Comments Yahoo finance teslaZhu noted the price cuts in China “generated huge demand, more than we can produce, really.” Tesla also cut prices in Australia, Japan, and South Korea in order to gin up demand. The stock outpaced the S&P 500's daily gain of 0.24. “As long as you offer a product with value at an affordable price, you don’t have to worry about demand,” Zhu said during the Q&A portion of the event late Wednesday evening. Tesla (TSLA) closed at 221.31 in the latest trading session, marking a +1.7 move from the prior day. Tom Zhu, Tesla’s head of global manufacturing (and likely heir apparent to CEO Elon Musk), addressed concerns about demand in China earlier this week at Tesla’s Investor Day. ![]() Meanwhile, Tesla’s share of the new energy market in China slipped to 9% from 10% while BYD’s share rose to 37% from 27%, according to the CPCA. SRP settlement with Tesla could make solar, batteries more affordable. Januat 11:28 AM Yahoo Finance's Rachelle Akuffo and Brad Smith introduce this week's 'What Just Happened' topic on Tesla stock and break down how shares of the EV maker are. 2 min read Tesla (T SLA) shares are trading higher today as the IRS updated its criteria for what qualifies as an SUV, and this means more EV tax credits are.BYD’s new energy vehicle sales jumped by over 100% to 193,655. Recent price cuts in January of the Chinese-made Model 3 and the Model Y - which were cut by 13.5% and 10%, respectively - are clearly giving Tesla a boost in the region, despite competitors like BYD outselling them in February. electric vehicle (EV) maker in Beijing, China February 4, 2023. ![]() ![]() A visitor checks a Tesla Model 3 car at a showroom of the U.S.
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