) particularly hard at time when the traditional auto industry is ramping up spending on low-emission technologies ahead of stringent European anti-pollution rules.
By contrast, electric car pioneer Tesla saw its automotive gross margin widen to 25.4% in the second quarter, up from 18.9% a year earlier, despite a 5% drop in deliveries. In May, BMW warned it would post a second-quarter loss and slashed its outlook, forecasting an automotive EBIT margin of 0% to 3% for 2020 compared with the 2%-4% range it expected before the pandemic struck.
Watir
8B for development.
S
That’s what happens when Tesla hits your market and you don’t have a well designed or communicated electric offering.
This happens because I can't clear my upsc exam 😑😒
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