Tesla Inc (TSLA)

[crudeoil24]

EV sector struggling > The strike against Ford may be over, but the company's electric vehicle woes are far from solved. The entire auto industry, grappling with steadily softening EV demand over cost and existential infrastructure challenges, is beginning to pull back its efforts to grow the sector.

Tesla is dealing with falling sales figures and gross margins amid an ongoing price war whose aim is to entice customers to go electric. General Motors is still locked in the throes of the auto strike, canceled an earlier plan with Honda to develop an affordable EV, citing the results of "extensive studies."

GM additionally ditched a target it once had to make 400,000 EVs by mid-2024 and went on to push back the production of its coming EV lineup.