“Tesla’s Electric Vehicle Price War Shakes European Stock Markets: Updates from Paris Stock Exchange and Central Bank Decisions”

2023-04-20 15:50:43

The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)

European stock markets were disrupted Thursday by turbulence in the automotive sector, the price war for electric vehicles launched by Tesla destabilizing several values, while, on the macroeconomic ground, investors await the next decisions of central banks.

The indices generally ended in the red, with the exception of London which closed almost at equilibrium (+0.05%). Paris lost 0.14% and Frankfurt 0.62%.

Euronext CAC40

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