(AOF) – Tesla is expected to fall in pre-market on Wall Street after having lowered the prices of its Model 3 and Model Y electric vehicles in the United States from 2.7% to 4.2%, a few days after having missed the consensus on its third quarter deliveries. The stock is falling due to fears over the group’s margins, close to a four-year low, while the manufacturer is due to present its third quarter results on October 17.
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A paradoxical performance
Data from the firm EY highlights that the performance of the world’s top 16 manufacturers was particularly high in 2021. While the average margin fell for three years in a row, going from 6.3% in 2017 to only 3.5% in 2020. , this margin stood at 8.5% in 2021. This level constitutes a record for ten years. However, the context was particularly turbulent for manufacturers, faced with unprecedented shortages of components. Global sales fell by 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on the structure of their fixed costs .