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BBCNEWS World Business Report June 4, 2024 05:37:00

Because the worlds biggest electric car maker has dropped its prices for the fifth time this year as its rivals close the gap on its market share. prices have dropped around 20% since the start of 2023 with tesla rival�*s also making their cars more affordable. tesla boss elon musk has previously said that price cuts were working to lift demand. joining me now is gervais williams, whos the head of equities at premier miton. i understand you have a tesla, is that right? i i understand you have ...
Market Share Electric Car Maker Tesla Boss Elon Musk Gervais Williams Price Cuts

CNN CNN Newsroom June 4, 2024 18:04:00

Model y. im not sure, honestly, casey, if that does span all of teslas models. but, yes, we are talking about just a ton of tesla vehicles right now that are being recalled. >> well, gabe cohen, thanks very much. youve got a lot of work ahead of you. thank you for getting it for us quickly. we appreciate it. lying under oath, thats what a grand jury is accusing some witnesses of doing in georgias criminal probe of donald trumps 2020 election scheme. key sppieces were just released and the expl...
Casey Hunt Gabe Cohen Model Y Grand Jury U S Donald Trump

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BBCNEWS BBC News June 4, 2024 18:13:00

Are predicting a price war in the electric car market after tesla cut the price of some its vehicles overnight. the company hopes reducing prices by up to 20% will boost demand. but thousands of existing tesla owners have complained that the price cut has damaged the value of their cars. our business correspondent, marc ashdown, has the details. tesla has had a difficult year, from a stock market slide to trouble sourcing vital parts. now the electric car giant is taking drastic action, slashing...
Price War Car Market Price Cut Marc Ashdown Stock Market Slide Electric Car Giant

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