{"id":628128,"date":"2024-01-15T12:29:18","date_gmt":"2024-01-15T06:59:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=628128"},"modified":"2024-01-15T12:29:18","modified_gmt":"2024-01-15T06:59:18","slug":"tesla-gets-a-94-billion-reality-check-as-ev-winter-sets-in","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tesla-gets-a-94-billion-reality-check-as-ev-winter-sets-in\/","title":{"rendered":"Tesla gets a $94 billion reality check as EV winter sets in"},"content":{"rendered":"<p>Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk\u2019s electric vehicle maker off to its worst start to any year \u2014 ever.<\/p>\n<p>The company has lost more than $94 billion in market valuation in just the first two weeks of 2024. It\u2019s not hard to figure out why, as the Austin, Texas-based EV maker has been pounded by a barrage of negative news: an about-face on EVs from the car rental giant Hertz Global Holdings Inc., yet another price cut for its cars made in China, and signs of rising labor costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk\u2019s electric vehicle maker off to its worst start to any year \u2014 ever. The company has lost more than $94 billion in market valuation in just the first two weeks of 2024. It\u2019s not hard to figure out why, as the Austin, Texas-based EV maker has been pounded by a barrage of negative news: an about-face on EVs from the car rental giant Hertz Global Holdings Inc., yet another price cut for its cars [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-628128","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/628128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=628128"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/628128\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=628128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=628128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=628128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}