What kind of volatility is mentioned in the following: 2023, volatility, due to increased competition in the electric vehicle market and the impact of inflation and interest rates, Tesla significantly reduced the prices of its cars multiple times, leading to a price war within the industry. Tesla's main global competitor, Chinese automaker BYD, sold 3.02 million new energy vehicles in 2023, with 1.6 million battery-electric passenger cars and 1.4 million hybrid electric models (Kolodny, 

2). Aside from Tesla's aggressive price reductions impacting its financial performance, the company has made substantial investments in enhancing its factories in Austin, Texas, and Shanghai. These upgrades have led to a decrease in the number of vehicles manufactured and delivered. Furthermore, Tesla has made significant investments in the advancement of AI supercomputers, effectively increasing its computer capacity since the second quarter of 2023.

Answer rating: 100% (QA)

The volatility mentioned in the passage is primarily economic vol... View the full answer