late 2021/2022 they really screwed over their owners by drastically cutting prices to goose sales Archived Message
Posted by ATL on April 3, 2024, 8:06:42, in reply to "Tesla numbers shock analysts, stock drops"
Now they're raising prices again, which is going to reduce demand. What's interesting is that they announced increases starting April 1 in what I assume was an attempt to pull forward sales into Q1. Didn't work enough I guess. https://electrek.co/2024/04/01/tesla-increases-model-y-prices-but-for-how-long/ And of course Elmo is supporting candidates who want to harm the US EV industry, which is going to have the effect of harming US workers and manufacturers. Because the industry is going EV. Not as fast as California legislators want, but there are too many advantages that EVs have for the typical passenger car/SUV for it not to be true. Previous Message Q1 deliveries report... Not good. Not good at all. Deliveries: -8.5% from Q1 2023, -20% from Q4 2023 Vehicle production down 2% compared to Q1 2023, 12% compared to Q4 2023 Shares tumble, down 7% Total deliveries Q1 2024: 386,810 Total production Q1 2024: 433,371 Shares dropped about 6.5%. For months, there's been legitimate signs the company is struggling, but they were largely ignored because Elon's neurolink smoke screen. https://mb.boardhost.com/TheDeuce/msg/archive/1706622004.html Increased competition from both foreign and domestic companies(actual, real car companies), EV fatigue, and reduction in government subsidies are going to make the next few years interesting. the earnings call in a few weeks will be pretty wild
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Message Thread: | This response ↓
- Tesla numbers shock analysts, stock drops - longsnapper April 3, 2024, 5:05:05
- Oh hi, META* - longsnapper April 5, 2024, 13:28:13
- it’s all about china. they’ve shifted their focus from real estate to evs - Ari Gold April 3, 2024, 11:16:56
- The competition and production challenges are definitely the biggest factors - snipes824 April 3, 2024, 11:10:33
- how much did they light on fire developing and building the cybertruck? - VIV April 3, 2024, 11:07:53
- late 2021/2022 they really screwed over their owners by drastically cutting prices to goose sales - ATL April 3, 2024, 8:06:42
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