Quote:
Originally Posted by Car-Addicted
Things that make you go Hmmmmmm.
Mercedes-Benz shares fall 6% as profit falls; CFO bemoans ‘brutal’ EV pricing
Chief Financial Officer Harald Wilhelm described the EV market as a “pretty brutal space,” Reuters reported. It comes as some traditional automakers sell EVs for less than regular combustion-engine cars — despite higher production costs.
https://www.cnbc.com/2023/10/26/merc...-ev-space.html |
This was the point I was making earlier about Tesla dropping their prices. It is bringing major pressure on their competition.