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Tesla misses Q3 delivery expectations amid tough competitio

Growing consumer interest in hybrids rather than EVs, a lack of European subsidies and strong competition in China have served to depress Tesla's deliveries as Chinese automakers such as BYD and Xpeng aggressively expand their presence in the world's largest auto market, receiving subsidies from local governments. Tesla delivered fewer cars in the third quarter of this year than analysts had expected as fierce competition in China and Europe hit demand for its aging models, leaving the electric car maker at risk of cutting its annual deliveries for the first time in its history. Tesla reported deliveries rose 6.4% to 462,890 vehicles in the July-September quarter, marking its first quarterly growth this year. However, the figure fell short of analysts' expectations. The lowered expectations may reflect difficulty in meeting overall 2024 delivery targets and the prospects for sustained growth beyond the current lineup.

2 October 2024 1400

Change in food prices in September

In September 2024, according to the Statistics Agency report , inflation in Uzbekistan was 1.23%. Compared to the same period last year, this figure decreased by 0.01%. Moreover, in annual terms it amounted to 10.46% (a decrease of 0.01% compared to 2023). Thus, over the month, food prices increased by 1.4%. In turn, non-food products increased in price by 0.8%, and the cost of paid services increased by 1.5%. The food products that increased in price the most were cucumbers (+19.6%), carrots (+15.6%), eggplants (+13.4%), cabbage (+12.5%), tomatoes (+11.3%), onions (+10.4%), beef (+3.1%), eggs (+3.0%), lamb (+2.8%) and other products.

30 September 2024 1982

The EEC may receive the right to investigate antitrust violations by companies from third countries

It is proposed that the Eurasian Economic Commission be given the authority to investigate antitrust violations committed in transnational markets by residents of third countries. According to Maxim Ermolovich , a member of the Board on Competition and Antimonopoly Regulation of the EEC , the idea of vesting the commission with the function of coordinator in the interaction of national antimonopoly authorities to suppress violations of antimonopoly legislation by residents of third countries is to scale up such a practice in relation to specific non-resident violators in order to hold them accountable. He also noted that violations in cross-border markets are not uncommon, and the initiators of these scenarios are often foreign companies developing their distribution networks in union markets. Sometimes, in order to avoid responsibility, they choose the principle of extraterritorial residency, thus avoiding the attention of authorized and controlling government agencies.

30 September 2024 1437
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