Cooling EV Sales Have Tesla, GM and Ford Rethinking Investments
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After years of pumping cash into the sizzling electric-vehicle market, Tesla Inc. and other major automakers are facing a new dilemma: what to do when demand chills.
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Published Nov 04, 2023 • 5 minute read
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(Bloomberg) — After years of pumping cash into the sizzling electric-vehicle market, Tesla Inc. and other major automakers are facing a new dilemma: what to do when demand chills.
While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably. As a result, Tesla, the world’s EV leader, and legacy automakers that had been spending at breakneck speeds to build their electric car businesses, are now taking a more cautious approach to investments.
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Bloomberg News
2023-11-04 09:24:25
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