Vehicle prices continued their downward trend in April as costs continue to moderate from pandemic-era highs.
President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway.
Tesla shares were down 1.6% at $174.80 in midday trading, while the and were up 0.8% and 0.9%, respectively. The Monday and Tuesday wins got back roughly three-quarters of the loss from the previous week, when Tesla stock fell 7%. Wednesday’s decline also comes as Reuters reported CEO Elon Musk fired the entire supercharging team after team leader Rebecca Tinucci pushed back against deep job cuts.