Global Scans · Tesla · Weekly Summary

• Traditional car companies and new entrants are investing heavily in EV development, which will result in Tesla seeing a deceleration in sales growth and being forced to cut prices due to increased competition, eroding profit margins. Morningstar UK
• The Polestar 4 electric vehicle is set to launch locally in the third quarter of 2024 and will battle the likes of the Tesla Model Y. CarExpert
• Some of the notable US companies that have invested in manufacturing plants in Mexico are GM, Ford, while Tesla plans to build a $5 billion plant. Simply Wall Street Pty Ltd.
• Electric carmaker Tesla will largely suspend activity at its Gigafactory near Berlin due to shipping delays caused by missile attacks in the Red Sea. Politico
• ($1.2 trillion) The EU probe into Chinese autos could slow BYD in Europe and buy Tesla time. Seeking Alpha
• To make matters worse for Tesla, competition from more players is expected to explode in 2025 as the number of electric vehicle models available for sale is expected to almost double to approximately 100. The Motley Fool Canada
• Automakers like Tesla, Alphabet, Ford, and Volvo have all entered the autonomous vehicle space in recent years, and it's expected to grow by roughly 10 times in the next 6 years. GoShorty
• In 2024, China's price war, which Tesla started in 2022, will continue and might see the first automakers starting to lose wheels as the EV prices in China are at rock bottom. CarNewsChina.com
• Tesla will need to offer an affordable vehicle to compete with BYD if it wants to maintain its position as the global leader in electric vehicle sales. Motorblog Uruguay
• For drivers of the I-Pace, Jaguar will supply adapters from Tesla for vehicles and home chargers once they are available. CNet
• certain EVs produced by Toyota and Lexus would have Tesla charging ports starting in 2025, including Toyota's upcoming three-row electric SUV. CNet
• Until 2025, Subaru will provide its customers with access to a NACS adapter, which it said will give them access to more than 15,000 Tesla Superchargers in North America. CNet
• The actual product is much more a generic adaptive cruise control than anything which could replace a human driver, and Tesla currently has the highest accident rate of any car brand on US roads. James
• Tesla plans to halt production at its Berlin factory for two weeks due to the conflict in the Red Sea continuing to disrupt transport ships, raising the specter of a new supply-chain crisis for European manufacturers dependent on parts from China and other Asian countries. MarketScreener
• The fight for electric-vehicle sales leadership will be a two-company race for at least the next few years, with Tesla Inc. and BYD Co. remaining well ahead of Volkswagen AG. BNN
• The fight for electric-vehicle sales leadership will be a two-company race for at least the next few years, with Tesla Inc and Byd remaining well ahead of Volkswagen. Irishexaminer.com
• Tesla relies heavily on China for battery components, which need to be transported to Europe through the Red Sea, putting production constantly at risk. RTE
• Most investors believe Tesla will lose around 10% share in 2024 given new competitive models are growing faster off a smaller base, making it difficult for Tesla to maintain share. investing.com UK
• Electric car maker Tesla will suspend most car production at its factory near the German capital of Berlin for two weeks. DW.COM
• The top-of-the-line Kona Electric will come in at $4,000 more than previous years' models, making it more expensive than the Tesla Model Y, making it a difficult sell considering that the Tesla can travel further on a single charge and offers larger cabin space. The Driven
• Tesla has issued a recall for nearly every car it has ever sold in China, citing potential risks associated with the autopilot driver-assistance system. Verdict
• Most electric vehicle (EV) makers will get access to over 12,000 Tesla Superchargers starting in 2024. US Global Investors

Last updated: 05 February 2024