Tesla’s Growth Slowdown Sends Warning Signals to Electric Vehicle Industry
October 20, 2023
Morgan Stanley analyst Adam Jonas suggests that Tesla’s recent tempered growth expectations indicate potential challenges for the broader electric vehicle (EV) industry. Following Tesla’s disappointing third-quarter results and cautious earnings call, Jonas believes there’s a ripple effect across the EV industry. Tesla’s leading position in the global EV market makes its cautious stance a concerning sign for the industry as a whole.
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