Alexander Howard
Tesla's stock has dropped by 12% since the start of January, marking the company's worst performance since 2016. Among the mentioned factors were Hertz Global Holdings Inc.'s plan to stop using electric vehicles and competition from Chinese brands.
The business made the decision to lower the cost of two of its Chinese-made electric car models on Friday, January 12.
The report claims that Chinese electric vehicle manufacturer BYD has once again eclipsed Tesla in terms of overall vehicle sales for 2023. In 2023, BYD sold three million vehicles, compared to 1.84 million sold by Tesla.
Hertz Global Holdings Inc. is an American corporation that rents out cars and owns approximately 10,000 rental locations spread throughout 150 countries.
BYD is a Chinese conglomerate that produces electronics and batteries under the BYD Electronics brand as well as cars under the BYD Auto brand.
source: bloomberg.com
The business made the decision to lower the cost of two of its Chinese-made electric car models on Friday, January 12.
The report claims that Chinese electric vehicle manufacturer BYD has once again eclipsed Tesla in terms of overall vehicle sales for 2023. In 2023, BYD sold three million vehicles, compared to 1.84 million sold by Tesla.
Hertz Global Holdings Inc. is an American corporation that rents out cars and owns approximately 10,000 rental locations spread throughout 150 countries.
BYD is a Chinese conglomerate that produces electronics and batteries under the BYD Electronics brand as well as cars under the BYD Auto brand.
source: bloomberg.com
