Elon Musk gets more bad news as the opponent throws the anti-tasla

Despite the blow he received last week after Elon Musk’s results announcement, Tesla ((TanthThat) It still faces a Battle uphill. Actions started this week falling, suggesting that the impulse of actions can be short.

With Musk he announced that he plans to reduce his work with the Government Efficiency Department (DOGE), many investors were glad and the market reacted well, despite the vagueness of the Musk statement. Now it seems that the hype cools, a few days later.

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TSLA shares still have some land to compensate, having decreased more than 27% year (YTD). Given the report of results of the first quarter of the company, the company will have to show the investors that it is capable of turning around.

Unfortunately for Tesla, one of its key markets is even more busy. One of Musk’s biggest rivals has a new adventure that could mean extremely bad news.

As Tesla’s earnings revealed, the company has had many trouble selling its cars. While the electric vehicle (EV) market is still robust, the feeling of consumers towards Tesla has seriously committed its growth on a global scale, as Musk’s political affiliation is continuing to extend.

A product that has been proven difficult to move is Cybertruck. Musk promoted Tesla’s futuristic collection truck, as the company prepared to deploy it. But as recently reported Thestreeet, The photos have been shown That Tesla is storing a shocking amount of these vehicles in the car parks, clearly unable to sell them.

Related: The key analyst believes that Tesla and Elon Musk have run out of time

Now the Trucs Electric market has a key player, who is already competing with Musk on various fronts. Amazon’s founder, Jeff Bezos, supports a fast -growing startup EV called Slate Auto, which advertises personalized electric collections with a significantly lower price label than Cybertruck.

Founded in 2022, the startup worked in a furtive mode until this year, bursting into the scene with a splash that converted many heads, including those of Musk. Currently, the less expensive Cybertruck is about $ 69,990, while Slate’s electric trucks start only $ 25,000, a price that drops below $ 20,000 with EV tax credits.

Slate’s CEO Chris Barman is a mechanical engineer who spent most of his career in Chrysler, helping the company to climb multiple operations. She believes that her team is uniquely positioned to create an affordable electrical truck that other companies cannot, highlighting their innovative design and design model.