Tesla is one of the best known and most renowned automotive companies, and even on this precise occasion it made some noise.
Tesla is one of the largest automotive companies in the world. Which is not surprising mainly for two reasons; the first is linked to the fact that only electric cars come out of the US brand’s factories. Secondly, we cannot ignore the electric transition which will take place in Europe and in many US states in 2035.
We are talking about just over ten years, with the future of motoring which from a commercial point of view seems to favor companies such as Tesla. Which, in view of that date, will have to try with all its strength to remain at the top of its segment. And, apparently, Elon Musk and colleagues are truly willing to do anything to succeed. The company’s latest decisions certify itthen let’s find out what is happening in the last few hours.
Tesla changes everything: unprecedented decision
As long as Tesla remains, we can really talk about drastic change. The electric giant, at Tesla Investor Day 2023, has announced the intention to reduce the production costs of the motor and batteries. He did so with a very self-confident Elon Musk at the presentation of Master Plan 3. The automaker will therefore also reduce the use of silicon carbide. This turning point immediately shook the markets of the whole world.
In particular, supply chain companies dealing with sic wafers. Starting from STMthe Italian-French company that suffered a heavy backlash on the Stock Exchange: shares lost 5.43% and the market fell 0.76%. Results that have overshadowed brands in this sector, also because up to now these components have been used to increase the rage of electric cars and limit the size of the engines.
In particular, they are used to transform the direct current – generated by the batteries – into alternating current, which is necessary to say the least for the operation of electric motors thanks to its characteristics of lower electrical dispersion. STM had forecast $2 billion in sales by 2025, up from $700 million in 2022.
Forecasts that will at least need to be revised, which will also weigh heavily on the future of the company in question. Also because, for the Italian-French company, Tesla represents 70% of sales. Losing such a customer means suffering a negative commercial decline to say the least. We’ll see how he fares in the future. In the meantime, Tesla and Elon Musk seem sure of their choices: his partners much less so.
