Noted Tesla investor and Future Fund managing partner, Gary Black joined Neil Cavuto on Fox Business to discuss the carmaker’s stock and competition in 2023.
The former Goldman Sachs asset manager told Neil Cavuto on FOX Business that usually when the market leader cuts prices, they have more room to discount than competitors because their gross profit is higher.
In 2022, Tesla vehicle deliveries grew 40% year-over-year to 1.31 million while production grew 47% to 1.37 million.Employees look on as Tesla launched the Model S, marking the start of its Fremont assembly line and, the company hopes, eventual entry into the mass market with its revolutionary electric car at the factory in Fremont, Calif., on Friday, June 22, 201
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