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#pricewar

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Norobiik @Norobiik@noc.social<p>"The price war triggered by <a href="https://noc.social/tags/Tesla" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tesla</span></a> has sucked in more than 40 brands, shifted demand away from older models and forced some automakers to curb production of both <a href="https://noc.social/tags/EVs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EVs</span></a> and combustion-engine cars, or shut factories altogether.</p><p>At the same time, pay cuts and lay-offs in the <a href="https://noc.social/tags/AutoIndustry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AutoIndustry</span></a> and its suppliers are hitting living standards.. "</p><p>Insight: <a href="https://noc.social/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a>'s <a href="https://noc.social/tags/AutoWorkers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AutoWorkers</span></a> bear the brunt of <a href="https://noc.social/tags/PriceWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PriceWar</span></a> as fallout widens | Reuters<br><a href="https://www.reuters.com/business/autos-transportation/chinas-auto-workers-bear-brunt-price-war-fallout-widens-2023-09-05/" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/business/autos-tra</span><span class="invisible">nsportation/chinas-auto-workers-bear-brunt-price-war-fallout-widens-2023-09-05/</span></a></p>
Cory Doctorow<p>II. <a href="https://mamot.fr/tags/FinancialMarketPredation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FinancialMarketPredation</span></a>: A predator tricks the competitors' *creditors* into thinking the predator has a new way to cut costs. The creditors refuse to loan the prey companies the money needed to survive the <a href="https://mamot.fr/tags/PriceWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PriceWar</span></a>, and the prey drops out of the war.</p><p>9/</p>
Norobiik @Norobiik@noc.social<p>It's called the Law of Diminishing Returns &amp; Tesla isn't immune.<br>---<br>The Chinese auto market accounts for 30 to 40% of Tesla's profitability, <a href="https://noc.social/tags/MorganStanley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MorganStanley</span></a> estimates. Its biggest competition there, <a href="https://noc.social/tags/BYD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BYD</span></a> (whose stock has declined since the price war began), has also introduced discounts. But waning reactions to those also "mark another climax of the price battle."</p><p><a href="https://noc.social/tags/Tesla" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tesla</span></a>'s <a href="https://noc.social/tags/PriceWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PriceWar</span></a> is starting to backfire | <a href="https://noc.social/tags/EVMarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EVMarket</span></a> <a href="https://noc.social/tags/ElonMusk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ElonMusk</span></a> <br><a href="https://www.msn.com/en-us/money/companies/teslas-price-war-is-starting-to-backfire/ar-AA18C1JD" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">msn.com/en-us/money/companies/</span><span class="invisible">teslas-price-war-is-starting-to-backfire/ar-AA18C1JD</span></a></p>
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