Shares of Chinese EV stocks are trading lower after competitor Tesla lowered some Model Y prices in China.
Portfolio Pulse from Benzinga Newsdesk
Chinese EV stocks are trading lower following Tesla's decision to lower some Model Y prices in China. This includes stocks such as LI, NIO, and XPEV.
August 14, 2023 | 2:11 pm
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NEGATIVE IMPACT
Li Auto's stock is trading lower due to Tesla's price reduction in China.
Tesla's price reduction in China increases competition for Li Auto, potentially affecting its market share and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NIO's stock is trading lower due to Tesla's price reduction in China.
Tesla's price reduction in China increases competition for NIO, potentially affecting its market share and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
XPeng's stock is trading lower due to Tesla's price reduction in China.
Tesla's price reduction in China increases competition for XPeng, potentially affecting its market share and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100