Chinese EV stocks drop after Tesla's earnings miss, General Motors delays EV plans

Category: Automotive

Shares of major Chinese electric vehicle companies fell after Tesla's earnings missed expectations and General Motors delayed its EV plans. Xpeng, Nio, and Li Auto saw significant drops in their stock prices, reflecting a broader decline in EV market enthusiasm. Tesla reported a revenue decline and postponed its robotaxi unveiling, while General Motors announced delays in its electric truck plant and Buick's first EV.

Keywords: Electric Vehicles, Tesla, Stock Market

Source: CNBC

Update At: 7/24/2024

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