Login

News Post

Carmakers tripped up by choppy present as they chase an EV future

LivemintLivemint · 1m
Carmakers tripped up by choppy present as they chase an EV future

Automakers such as Ford, Tesla, and Stellantis are facing profit pressures in their traditional car businesses. This comes in addition to the challenges of transitioning to electric vehicles. Factors contributing to the profit pressures include warranty expenses, bloated vehicle inventory, and troubles in overseas operations. Investors are concerned about the fading pricing power of carmakers and expect the average price paid by customers to decrease in the second half of the year. The need to focus on future transformations and promising bets, such as autonomous cars, is being highlighted by automotive CEOs. However, Wall Street's enthusiasm has waned due to slower-than-expected U.S. electric vehicle demand. Analysts warn that if pricing reverses too much, it could impact the profits automakers rely on for funding the transition to EVs.

5
View Source

Comments

More Like this

Backed by Chinese carmaker Great Wall, Haomo raises $14M for autonomous driving tech

Backed by Chinese carmaker Great Wall, Haomo raises $14M for autonomous driving tech

Maruti Suzuki shares cross Rs 12,000 mark; CLSA expects carmaker to maintain top position in CNG space

Maruti Suzuki shares cross Rs 12,000 mark; CLSA expects carmaker to maintain top position in CNG space

Sorry Elon: Chinese company overtakes Tesla as most popular electric carmaker

Sorry Elon: Chinese company overtakes Tesla as most popular electric carmaker

Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark

Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark

Tesla senior officials quit as carmaker undertakes largest round of job cuts

Tesla senior officials quit as carmaker undertakes largest round of job cuts

Carmakers fail privacy test, give owners little or no control on personal data they collect

Carmakers fail privacy test, give owners little or no control on personal data they collect

Tesla's rivals still can't use its superchargers

Tesla's rivals still can't use its superchargers

Atlas raises $27 million for new nickel technology for EV batteries

Atlas raises $27 million for new nickel technology for EV batteries

Now, Tesla rival VinFast looks to make in India

Now, Tesla rival VinFast looks to make in India

Piyush Goyal meets senior Tesla executives to discuss manufacturing plant plans

Piyush Goyal meets senior Tesla executives to discuss manufacturing plant plans

Download the medial app to read full posts, comements and news.