Tesla, EV industry get first recession stress test
Saw an informative article on CNBC - https://www.cnbc.com/2023/01/14/the-ev-industrys-first-recession-stress-test-will-it-be-a-bust.html
@progressnc Thanks for sharing!!! Looks like Fiskerati is linked in the article. Whoop whoop!! 😎
Cash burn and the rest of the EV market
In the middle, Lucid, Rivian and Fisker make up a range of higher-risk possibilities that may well turn out fine in the end. But Tesla’s price cutting may cause them problems: Fisker’s stock dropped almost 10% on its rival’s announcement, since Tesla’s move puts the Model Y’s price closer to that of the Fisker Ocean, whose middle tier is around $50,000.
Fiskerati is my passion project -- follow along across the web for the latest updates.
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