Xiaolu Chu

Tesla, Inc. (NASDAQ:TSLA) is facing headwinds due to recent cost-cutting pressures in the electric vehicle ("EV") industry, an ominous sign of future trajectory. CEO Elon Musk and many other executives in the auto industry have blamed high interest rates and macroeconomic headwinds for a reduction in prices and a fall in margins.

Tesla: Cost-Cutting Pressure Will Continue To Rise Due To China comes via ChinaTechNews.com.