Automundo China

Analysts are lowering their price targets and expectations for Tesla as the EV giant aims to navigate out of what one called a “very messy quarter.”

Tesla spent huge sums to capture the demand for EVs, but its first down quarter in four years makes that decision look questionable.

As many as one in four electric vehicles (EVs) sold in Europe could be Chinese imports by the end of 2024, according to a new analysis […]

Bearish outlooks on Tesla (TSLA) are emerging as analysts cut earnings predictions for the company after it missed first quarter expectations for deliveries and production numbers. Guggenheim Securities Vice President of Automotive Equity Research Ronald Jewsikow joins Market Domination to discuss headwinds contributing to the bearish views. Jewsikow states that although Tesla has faced supply issues, the weakened outlook is "mostly a function of demand." He notes slowed growth in the US, China, and European markets, describing it as "a very messy first quarter." Even looking beyond this quarter, he expresses concerns lingering structurally across all regions. Regarding China, Jewsikow forecasts that achieving growth in the market this year will be a "struggle." He highlights the increased competition Tesla faces in the market, with competitors offering products directly competing with Tesla's offerings at better price points. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith

Kia has started production on its all-electric EV5 SUV for export in China, with a price expected to undercut Tesla’s Model Y. A global launch is set for next year, but will that include the US?

The Chinese automaker has introduced a slew of new electric vehicles this year

Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company's plans told Reuters, as it moves ahead with a possible entry into the world's third-largest car market. A team from Tesla is expected to visit India later this month to look at sites for a local car manufacturing plant that would require an investment of about $2 billion, said two of the three people, who declined to be named because the plans are not public yet. India last month slashed the import tax rate on certain electric vehicles if their makers invest at least $500 million in the country and start production there within three years.