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A new electric pickup is coming to global markets. BYD is launching its first electric pickup soon after confirming it...

Li Auto joins Tesla in again slashing EV prices in China

Li Auto announced it is again slashing its vehicle prices in Chinese markets, sending its shares lower in early trade on Monday. The Chinese automaker,...

Li Auto joins Tesla in slashing EV prices in China

Li Auto announced it is again slashing its vehicle prices in Chinese markets, sending its shares lower in early trade on Monday. The Chinese automaker,...

But there’s no guarantee we’ll see the all-new plug-in hybrid dual-cab 4x4 ute in local showrooms before 2025

Shares of EV makers Tesla (TSLA) and Li Auto (Li) are both declining in Monday's pre-market session — and into the market open — as both companies have begun to slash vehicle prices in Chinese markets yet again. Yahoo Finance's Pras Subramanian reports on the latest round of EV price wars in China, also commenting on what could be expected in Tesla's first-quarter earnings set to report on Tuesday, April 23. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Tesla shares are trading lower Monday after the company reduced vehicle prices in the US, Germany and China. Tesla reportedly cut the revamped Model 3 prices by 14,000 yuan ($1,930) in China. In Germany, the price of the Model 3 rear-wheel-drive was reportedly lowered to 40,990 euros ($43,670.75) from 42,990 euros.

Stock index futures (^DJI, ^IXIC, ^GSPC) are eager to shake off April sell-offs ahead of Big Tech earnings this week. The S&P 500 is back above 5,000 in Monday's pre-market trading. Tesla (TSLA) and Chinese competitor Li Auto (LI) are both slashing prices on their electric vehicles in Chinese markets. The US House of Representatives voted to pass its foreign aid package, which includes support for Israel, Ukraine, Taiwan, and the potential TikTok ban bill. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Tesla Inc.’s price cuts in China could cost the carmaker the entirety of its operating profit in the world’s biggest electric-vehicle market, Evercore ISI warned in a new report.