Automotive Sector Roundup: Financial Struggles and Strategic Moves

This week will be a pivotal one for the automotive sector as various automakers announce their first-quarter financial results amid industry turmoil Dealers are applying pressure on Honda and VW, demanding alignment with their expectations Tesla faces a particularly challenging period after experiencing a slump in sales and is attempting to recover by cutting prices on its assisted driving systems, although the effectiveness of this strategy remains to be seen. Meanwhile, Lucid and Rivian have also implemented price cuts, although unlike their competitors, they do not have to negotiate with dealership networks Volkswagen is preparing to introduce the Scout truck and Cupra EV brands in the U.S market, with details on their distribution model still under wraps. Elon Musk, Tesla's CEO, is scheduled to address investors' concerns regarding the company's sales performance, profit margins, and their strategy for an affordable car during the Q1 financial results meeting on Tuesday Adding to the pressure within the industry is the intense price competition among Chinese EV manufacturers, which poses a risk to both the companies involved and the broader Chinese economy, with an uncertain outcome on the horizon.