Tesla Speed – The EV Price Cuts ✂

Tesla Speed – The EV Price Cuts

Innovators are often the most known brand in a specific industry, although they are not always the original. Netflix wasn’t the first streaming service, but its innovations set it light years away from any competitor in its early years. Even things like Oreo cookies were able to completely blow out older competitors due to smart business decisions made by the company, and it shows how valuable certain choices are for a long-term outlook. This can be found in our rapidly growing industries today, with electric vehicles being a great example.

Our innovator here is Tesla, and one of Tesla’s decisions has really seemed to move it ahead of the rest of the pack. In a conference earlier this month, CEO Elon Musk reiterated that Tesla is looking forward to making smaller, next-gen vehicles that would cut production costs in half. This isn’t mere speculation as improvements in vertical integration and factory automation are goals the company is working towards. Tesla already has thousands of dollars in cost advantages over other EV companies according to analysts, and this is only increasing as we see companies like Ford still struggling with supply chain issues. Tesla has managed to maneuver around the semiconductor shortage and issues regarding factories in China to keep heading forward, a major competitive advantage. This vision, paired with Tesla’s recent price cuts, are continuing to mount pressure on other electric vehicle manufacturers like Volkswagen, who are still having to place high prices on their vehicles to cope with the costs. Many analysts fail to see how EV businesses will catch up with Tesla, and as they continue to be the name brand for the industry it seems as if they are going to dominate barring any negative news.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

 

Share:
More Posts
Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.