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2021-06-03

Is this really a surprise?

Tesla faces pressure as EV competition heats up, ex-Ford CEO says

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla faces pressure as EV competition heats up, ex-Ford CEO says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/02/tesla-faces-pressure-as-ev-competition-heats-up-ex-ford-ceo-says.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nEx-Ford CEO Mark Fields credited Elon Musk for pushing traditional automakers to transition to electrified products but said the shift has created a business challenge for Tesla.\nTesla's ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/02/tesla-faces-pressure-as-ev-competition-heats-up-ex-ford-ceo-says.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/06/02/tesla-faces-pressure-as-ev-competition-heats-up-ex-ford-ceo-says.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1171101570","content_text":"KEY POINTS\n\nEx-Ford CEO Mark Fields credited Elon Musk for pushing traditional automakers to transition to electrified products but said the shift has created a business challenge for Tesla.\nTesla's market share in the global electric vehicle market declined to 11% in April, down from 29% in March, according to Credit Suisse research.\n\"He has real competition now, and that's why you're seeing some of their share in some of the major markets under a lot of pressure,\" Fields said of Musk.\n\nElon Musk brought electric vehicles into the mainstream withTesla. Now the EV company is grappling with the consequences of its own innovation, formerFord MotorCEO Mark Fields told CNBC on Wednesday.\n\"One of the many things he did is he pushed the industry toward taking EV seriously,\" Fields said of Musk, the chief executive of Tesla. \"He has real competition now, and that's why you're seeing some of their share in some of the major markets under a lot of pressure.\"\nTesla shares fell for the third-straight session against the backdrop of multiple challenging headlines for the car manufacturer. One, in particular, is that the San Carlos, California-based company lost some of its grip on the electric vehicle market in April.\nFields was critical of Tesla’s reliance on selling carbon credits to supplement its profits, suggesting it’s a harbinger of more challenges.\n“When you look at their year-to-date earnings and their earnings last year, they made a heck of a lot more in selling CO2 credits than they did their total company profit and net profit,” Fields said. “As those credits dry up, there’s going to be a lot of pressure to make money and better margins on their vehicles.”\nAccording to Credit Suisse analyst Dan Levy, Tesla’s global market share was 11% in April, down from 29% in March. He noted share losses in the China, Europe and U.S. markets.\nFields attributed the shift in EV market share to traditional auto giants, such asGeneral Motorsand Ford, making headway in the space as new products are announced and come online.\nHe highlighted that Volkswagen is now leading in EVs in Europe and the Ford Mach E is taking share in the U.S. Ford, which Fields led between 2014 and 2017, in May revealed its electric F-150 to much fanfare.\nAfter soaring in 2020, Tesla shares have dropped more than 14% so far in 2021. The stock, which trades more like a tech stock, closed 3% lower Wednesday at $605.12 a share.\nShares of traditional car companies, taking the form of cyclical stocks, are up double digits this year and have outgained the market through Wednesday.\nFord shares have put up some of the biggest gains, rallying almost 69% this year to $14.91 at the close Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":22,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/111201270"}