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Stockreport

Prices of used electric cars plunge amid Chinese influx [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Prices for second-hand vehicles are now around £25,000, according to Cazoo data, down from £39,000 on average three years ago. An influx of cheaper Chinese vehicles and a greater willingness among Britons to opt for less well-known models are helping to push down prices for what was once a luxury product. Cazoo said prices could drop to £20,000 over the next year as EV drivers cash in on old vehicles, boosting supply. It comes amid an 87pc jump in global exports of Chinese EVs last month compared with a year earlier, with the total falling just short of 200,000. While sales in Mexico and Asia led the way, exports to Europe rose by almost two-thirds to 43,000, according to figures from China Customs. According to a survey from Cazoo, the UK has also seen a significant decline in “badge snobbery”, with six in 10 Britons open to buying Chinese EVs instead of better-known marques. This is despite Cazoo reporting a “very low” awareness of actual brands, with only 40pc having h [Read more]
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Stockreport

Prices of used electric cars plunge amid Chinese influx [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Prices for second-hand vehicles are now around £25,000, according to Cazoo data, down from £39,000 on average three years ago. An influx of cheaper Chinese vehicles and a greater willingness among Britons to opt for less well-known models are helping to push down prices for what was once a luxury product. Cazoo said prices could drop to £20,000 over the next year as EV drivers cash in on old vehicles, boosting supply. It comes amid an 87pc jump in global exports of Chinese EVs last month compared with a year earlier, with the total falling just short of 200,000. While sales in Mexico and Asia led the way, exports to Europe rose by almost two-thirds to 43,000, according to figures from China Customs. According to a survey from Cazoo, the UK has also seen a significant decline in “badge snobbery”, with six in 10 Britons open to buying Chinese EVs instead of better-known marques. This is despite Cazoo reporting a “very low” awareness of actual brands, with only 40pc having h [Read more]
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TSLA
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Price Change %
Volume Shares
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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Low:
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Low:
%
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%
PRICE CHANGE
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%
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