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...More important, says Jonas, is the signal that Musk still loves Tesla . . ....
...Lie back and think of anything other than Tesla....
...Tesla’s supercharger system is among the largest charging networks in the world, and was one the reasons the company enjoyed such a commanding lead over rival carmakers for so long....
...The case dates back to 2018 when the billionaire — who runs the electric-car maker Tesla — shook Wall Street with a tweet declaring: “Am considering taking Tesla private at $420. Funding secured.”...
...Yet the never-ending quest to drive prices lower is only part of Tesla’s strategy....
...Tesla shares were up more than 9 per cent by mid-day on Wednesday....
...Tesla did not respond to a request for comment....
...Thanks for reading — Patrick Temple-West Electric vehicles Tesla navigates slowing EV demand and a crowded field with an ‘affordable’ model Tesla’s share price jump this week highlighted how jumpy electric...
...China, Tesla’s second-biggest market after the US, is particularly significant, since sales have been sliding this year and Musk’s ambitions to boost Tesla’s appeal with new autonomous driving capabilities...
...Musk and Tesla also each paid $20mn in fines....
...Why is helping Tesla important to China?...
...Tesla is cutting more than 10 per cent of its global workforce, potentially 13,000 jobs, as the worldwide electric vehicle slowdown and brutal price war hit the US automaker....
...China is Tesla’s second-biggest market after the US but it has lost ground to local rivals. Tesla’s shares, which have lost a third if their value this year, were up 6 per cent in pre-market trading....
...Tesla was the lone loser in the Magnificent Seven, falling 3.4 per cent for its seventh sraight loss. The electric carmaker reports earnings on Tuesday after the market close....
...Tesla did not respond to a request for comment. Earlier this year, Tesla cut the monthly subscription price for its full self-driving system in the US....
...Tesla stock fell by more than 5 per cent on Monday, recording its worst day since early March after it said it would cut more than 10 per cent of its workforce....
...Listen to what Musk says, however, and it sounds as if Tesla’s main concern is its expensive autonomous driving project. Earlier this month, Musk wrote on X, “Tesla Robotaxi unveil on 8/8”....
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling Elon Musk’s promise in February after a Delaware court voided his $56bn pay package....
...The industry association projected Tesla’s sales in China to fall further in April....
...But the tensions highlight a big difference between Tesla and the other Mag 7 stocks: Tesla’s industry economics are much less settled....
...Tesla reported a bigger than expected drop in its quarterly deliveries, sending its shares more than 7 per cent lower in pre-market trading on Wall Street....
...Tesla has not officially commented on these or any other reports. Tesla has no press office....
...Is Tesla just a car company? At least for now....
...Tesla pledged to bring forward the launch of “more affordable” models of its electric vehicles, helping its stock recover some of its recent losses despite reporting a 9 per cent decline in first-quarter...
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