Tesla and BYD Are at It Again. Why the EV Makers Are Offering Big Discounts.
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Tesla and BYD have reignited their price war by offering significant discounts in the competitive EV market in China.
December 02, 2024 | 11:45 am
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Tesla is offering significant discounts in China as part of a renewed price war with BYD, aiming to maintain its competitive edge in the world's largest auto market.
Tesla's decision to offer discounts in China could pressure its profit margins, potentially leading to a short-term negative impact on its stock price. The price war with BYD highlights the intense competition in the EV market, which may concern investors about future profitability.
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