Tesla (TSLA) making headlines after cutting prices for the fifth time this year and announcing a new battery plant in Shanghai, China. Dan Ives, Tesla bull and Wedbush Managing Director and Senior Equity Analyst, joined Yahoo Finance to talk about the EV giant's latest moves.
Ives says cutting prices is a great competitive advantage for Tesla, calling it “a massive poker move that's paid off.”
He did take a moment from praising Tesla to highlight other automakers like GM (GM) for making a major impact in the industry. “It's a green tidal wave, the biggest transformation to the auto industry since the 1950s. But at the top of that mountain is Musk and Tesla, and everyone trying to play catch up," he said.
Watch the full interview with Seana Smith and Pras Subramanian here.
Key video moments:
00:00:11 On price cuts
00:00:37 "Haters going to hate"
00:01:07 On EV competition
00:01:34 "Green tidal wave"
