Informed
Jan 26, 2024 - 31 min
Our daily selection of the global stories that really matter is presented by our host, Manish Verma. In today's episode, we're focusing on Tesla's struggles to stay competitive. First, after the company's statement that its expansion rate could be ‘notably lower’ in 2024, the Financial Times reflects on how this signifies a shift into a new era of slower sales growth and margins in the EV market. Then, CEO Elon Musk told investors that a low-cost Tesla model will launch in 2025. WIRED reveals that it could help the EV maker compete with BYD and other surging Chinese automakers.