(AOF) – Tesla is expected to decline in pre-market on Wall Street: according to the specialized site Electrec, which cites internal email exchanges, the electric vehicle manufacturer should cut more than 10% of its workforce. “As we prepare the company for our next phase of growth, it is extremely important to examine all aspects of the business to reduce costs and increase productivity,” CEO Elon Musk said in an internal email. cited by Electrec.
Tesla also unveiled its FSD (Full Self-Driving) autonomous driving software on Friday, very late, and with an announced cost of $99 per month for the United States and Canada, significantly lower than expected. .
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A French market in good shape
The French automobile market recorded its tenth consecutive month of growth in October 2023 with 152,383 registrations of new passenger vehicles (+22% year-on-year). It increased by 16.49% over the first 10 months of 2023, with 1.44 million registrations, almost as many as in 2022 (1.52 million) but much less than the level of 2019 (2.2 million ). However, the forecast indicators are not good because new orders fell by 13% at the end of September 2023. The slowdown in orders could be explained by inflation, the rise in interest rates, and more prudent management of their cash flow by companies (half of the market). If Stellantis (Peugeot, Citroën, Fiat, Opel, Jeep) remains the leader of the French market, with a market share greater than 28%, the Renault group (Renault, Dacia, Alpine) benefited from good performances in October 2023, with almost 31% additional new registrations over one year. The French group represents 24.6% of the private car market.