The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.
The arrival of Tesla’s Cybertruck is often preceded by phrases like “oft-delayed” or “long overdue,” and the company’s missed another deadline, suggesting deliveries would start in Q3 and they won’t. This delay contributed to the company’s Q3 sales shortfall. Details at Headlight.News.
But the downturn could be short-lived as automaker is ready to roll out new models. Get the details at Headlight.News.
As Turkish President Recep Tayyip Erdogan made a pitch to Tesla CEO Elon Musk to build the EV maker’s next plant there, representatives for the kingdom of Saudi Arabia are making the same pitch. Find out more at Headlight.News.