AD #4040 - Tesla’s Q1 Net Profit Slumps 71%; Shanghai Auto Show Reveals; Xiaomi Delays Launch of YU7 SUV
About this episode
Tesla's Q1 earnings reveal a 71% drop in net profit due to lower vehicle deliveries, falling prices, and rising expenses, though energy storage sales grew significantly. Elon Musk plans to focus more on Tesla amid these challenges. The episode also covers the impact of upcoming US tariffs on auto parts, Chinese EV startup Xiaomi delaying its YU7 SUV launch after a fatal crash, and legal battles over direct sales models in California. Additionally, highlights from the Shanghai Auto Show include new electric and hybrid models from Nissan, Honda, Toyota, and Lexus, showcasing advancements in EV technology and market strategies.
Tesla Cybercab
"... California, and it says volume production of the cybercab start sometime next year. However, due to uncerta..."
Nissan Frontier
"..., Nissan unveiled a plug in hybrid version of the Frontier pickup, which is the automaker's first electrifie..."
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