Tesla (TSLA -1.25%) Already the first few weeks of 2023 have caused chaos in the used car market. Companies have slashed new car prices, which has led to lower used car prices, and the effect could be weakening both auto companies and the overall economy. Travis Hoium covers everything you need to know in this video.
*Stock prices used were closing prices on January 18, 2023. The video was published on January 19, 2023
Travis Hoium has positions in General Motors and the following options: Long March 2023 $83.33 on Tesla. The Motley Fool features and recommends CarMax and Tesla. Motley Fool has a revealing policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services You choose to subscribe through link to them They will earn some extra money which supports their channel. Their opinions remain their own and are not influenced by The Motley Fool.