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Tesla's EV success made it 'Magnificent.' It could also be its downfall. [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
What we're watching What we're reading Economic data releases and earnings If an autonomous future was one pillar supporting Tesla's TSLA "Magnificent" market valuation , an electric car cheap enough for most families was the other. But changes from inside the company and from outside forces are swiftly complicating that vision Tesla's stock price is predicated in part on mass-market EVs and leading the paradigm shift in how most of the country gets around. But sky-high costs for autos — and especially EVs — have dampened consumer demand and extended any timelines for adoption. While governments are set on steering society toward the electric transition, legacy automakers are recalibrating the timing as they adjust to the waning demand. Several big players, including Ford ( F ) and General Motors ( GM ), have recently scaled back their EV plans, while others are relying on hybrid vehicles to start the shift. Tesla, Inc. (TSLA) Sign in to add to watchlist Full scre
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