Wed. Sep 27th, 2023
    Fiat Panda EV 2024: El eléctrico económico que llegará a Europa

    Goldman Sachs has revised its profit forecast for Tesla downward due to the negative effects of recent price cuts on the profitability of the electric vehicle (EV) manufacturer. The Wall Street Journal has also reported that Tesla is in preliminary discussions with Saudi Arabia regarding the potential establishment of a manufacturing plant in the country.

    Tesla’s decision to reduce prices has been deemed by Goldman Sachs as a significant factor impacting the company’s financial results. The investment bank’s revised profit forecast highlights the potential negative impact of this strategy on Tesla’s future profitability.

    While Tesla has not officially confirmed its discussions with Saudi Arabia, the possibility of establishing a manufacturing plant in the country could be a strategic move for the EV manufacturer. Saudi Arabia has been making efforts to diversify its economy, and attracting investments from companies like Tesla could contribute to this goal.

    The Wall Street Journal report provides insights into Tesla’s ongoing efforts to expand its manufacturing presence and meet the global demand for electric vehicles. While the details of the potential plant are not yet clear, this development indicates Tesla’s interest in exploring additional production sites beyond its existing Gigafactories in the United States and China.

    Goldman Sachs’ downward revision of Tesla’s profit forecast underscores the challenges that the company may face due to price cuts impacting profitability. However, it is worth noting that Tesla’s decision to reduce prices could also be a strategic move to maintain its market share amid the growing competition in the electric vehicle industry.

    – Electric Vehicle (EV): A vehicle that is powered, wholly or partly, by electricity, typically stored in batteries.
    – Profitability: The ability of a company to generate earnings or financial gains.
    – Gigafactories: Large manufacturing facilities of Tesla that produce components for electric vehicles and batteries.

    – The Wall Street Journal
    – Goldman Sachs