TSLA Jun 2024 213.330 put
- Reuters
Exclusive-Tesla doing damage-control, discounts for European fleet buyers
Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value and its slow service and expensive repairs alienated their corporate customers. The efforts include unofficial discounts on purchases of new cars if they are in stock and efforts to address widespread service, repair and ordering complaints after years in which fleet managers and leasing firms say Tesla has ignored those problems, according to Reuters interviews with nine executives from major leasing and rental-car firms, along with about a dozen corporate fleet managers. Tesla’s retail price cuts aimed to bolster sales in response to softening electric-vehicle demand globally and rising competition, especially from Chinese EV makers such as BYD.
- Reuters
Indonesia minister says Musk to consider offer to build EV battery plant in country
DENPASAR, Indonesia (Reuters) -Indonesia's coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Widodo on Monday. Musk was not immediately available for comment after minister Luhut Pandjaitan made his remarks to reporters. Musk and Widodo met in Indonesia's Bali after both attended the World Water Forum on Monday.
- Investor's Business Daily
Tesla Holds Support Amid EV Woes; High-Margin BYD Flashes Buy Signal
With Tesla sales slumping, Elon Musk is touting Full Self-Driving and robotaxis. High-margin BYD, rolling out new models, is offering an early entry.
