Automundo China
Tesla struggles in China, consumer sentiment drops: Catalysts
On Catalysts, host Seana Smith guides viewers through key market developments and discussions. In February, preliminary consumer sentiment data for the month dropped to its lowest in seven months, the University of Michigan reporting a reading of 67.8. Tesla (TSLA) sales struggle in China, despite aggressive cost cuts on its EV models in the region. Federal Reserve Bank of Chicago president Austan Goolsbee joins the program to explain the significance of January's job data. Further segments explore Amazon's (AMZN) AI-driven growth, with insight from TD Cowen managing director John Blackledge and T. Rowe Price Science and Technology equity strategy portfolio manager Tony Wang. Newell Brands (NWL) CEO and president Chris Peterson joins to discuss the company's earnings results and stock plunge, and Huntington Bank's (HBAN) CEO Stephen Steinour shares his confidence in Huntington's growth trajectory following its investor day. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch
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Tesla’s (TSLA) January sales in China dropped 11.5% year-over-year, while domestic EV rival BYD (1211.HK, BYDDY) saw a 47% surge annually. Despite cost cuts on its electric vehicles in the Chinese auto market, Tesla is struggling to capture the US market. Yahoo Finance Senior Reporter Alexandra Canal sits with Catalysts host Seana Smith to discuss how Tesla’s strategic pricing approach differs between regions, as prices for the Model X sold in the US have risen by $5,000. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch
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