Batteries that will lower costs and increase the density of Tesla's (NASDAQ: TSLA) vehicles have been delayed until at least next year. This could impact the sales of new vehicles and allow some competitors to catch up. In this video, Travis Hoium highlights the news and how it impacts the industry.
*Stock prices used were end-of-day prices of May 12, 2023. The video was published on May 15, 2023.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla and Volkswagen Ag. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.