Germany's SAP Opts Out Of Tesla Fleets — But Back Home, New Hampshire's Dartmouth College Embraces Model Ys
Portfolio Pulse from Anan Ashraf
SAP SE (NYSE:SAP) has stopped purchasing vehicles from Tesla Inc (NASDAQ:TSLA) for its fleet, citing price fluctuations and delivery issues. Meanwhile, Dartmouth College plans to incorporate Tesla Model Ys into its fleet, aiming to transition over half of its current fleet to these electric vehicles.
February 06, 2024 | 9:20 am
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NEGATIVE IMPACT
Tesla Inc faces a setback as SAP SE, a significant fleet operator, discontinues purchasing Tesla vehicles due to price fluctuations and delivery issues.
The decision by SAP, a large fleet operator, to stop purchasing Tesla vehicles due to price fluctuations and delivery issues could negatively impact Tesla's reputation and potentially its stock price in the short term. This move might raise concerns among other fleet operators and corporate clients regarding Tesla's pricing and delivery reliability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SAP SE has ceased acquiring Tesla vehicles for its company fleet, affecting its operational planning due to Tesla's price fluctuations and delivery inconsistencies.
SAP's decision to stop purchasing Tesla vehicles for its fleet is primarily due to operational planning challenges posed by Tesla's price fluctuations and delivery inconsistencies. This decision may not have a direct impact on SAP's stock price in the short term but reflects on its operational efficiency and cost management strategies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70