Elon Musk gets more bad news, as his rival is released

Despite the bump he received last week after announcing Elon Musk’s profits, Tesla ((Timing)) He still faces an arduous battle. The shares were launched this week through the decline, indicating that the stock momentum may be short -term.

With the announcement of Musk that he intends to reduce his work with the Ministry of Governmental Idea (DOGE), many investors rejected, and the market interacted well, despite the ambiguity of the Musk statement. Now the noise seems to cool down, after just a few days.

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TSLA still has a lot of land, after more than 27 % decreased on an annual basis (YTD). Given the disappointing company profit report, the company will need to show investors that it is able to change matters.

Unfortunately for Tesla, one of its main markets is to get more congestion. One of the largest musk competitors has a new project that may mean very bad news.

Tesla’s profits also revealed, the company faces a lot of trouble in selling its cars. While the electric vehicle market (EV) is still strong, the consumer feelings towards Tesla have led to its severe growth on a global scale, with the continued spread of reactions to the political affiliation of musk.

One of the products that have proven difficult to move is Cybertruck. Musk Phansed Tesla made the future while the company was ready to launch it. But as I mentioned recently, The pictures have shown Tesla stores a horrific amount of these vehicles in parking lots, unable to sell them clearly.

Related: The main analyst analyzes that Tesla and Eileon Musk run out of time

Now the electrical truck market includes a major player, already competing with Musk on multiple fronts. Amazon Jeff Bezos supports a fast -growing EV start called Slate Auto, which is the advertisement of customizable electrical capacities with a much lower price sign of Cybletruck.

The startup company was established in 2022, and it was operated in a surreptitious position to this year, which led to the interruption of the scene with a rumor that turned into many heads, including Musk. The lowest price Cybertruck currently is about $ 69,990, while Slate’s Electric trucks start at only $ 25,000, which is the price of less than $ 20,000 with EV tax.

Slate Chris Parman CEO is a mechanical engineer who spent the largest part of her career in Chrysler, helping the company to expand the scope of multiple operations. She believes that her team is in a unique position to create an affordable electric truck that other companies cannot shed light on their modeling and innovative design.