Author: Pras Subramanian

Tesla price cuts are the ‘right medicine at the right time,’ analyst says

With inventory reportedly piling up, Tesla analysts and investors predicted price cuts were coming — and they were right. Wedbush analyst Dan Ives said the the cuts are the “right medicine at the right time.” In a note to clients today, Ives argued that lowering prices is the correct strategic move as demand may be waning and competition is heating up.

Why 2023 could be the year of the cheap—or cheaper—EV

Despite ongoing supply chain issues and headwinds like price inflation, EV penetration in America nearly doubled in the U.S. in the first ten months of 2022, going to 5.3% of all vehicles sold, versus 2.9% last year. Experian data shows new car registrations hit 604,638 EV vehicles, more than 60% versus a year ago. But the easiest way to grow that EV number, beyond initiatives like expanding EV charging networks and increasing incentives (which we’ll get too), is making EVs cheaper. Here’s why 2023 could be the year we’ll see cheaper EVs.