Reported 12 months ago
Shares of Tesla are rising due to better-than-expected EV sales and price target increases. To boost EV sales further, industry expert Stephanie Valdez Streaty highlights the importance of affordability in breaking the barrier for consumers, mentioning the need for more affordable EV options and the entry of used EVs in the market. Competition from traditional automakers with new products could challenge Tesla's market share, making affordable EVs crucial for driving consumer adoption and overcoming economic uncertainties.
Source: YAHOO