Quote:
Originally Posted by sikotic
Looks like they made some great improvements this time around. It does seem very low though, which begs the question as to why. When a good car comes out, people will pay good money for it. But it seems that Tesla needs to bribe people into their cars with rebates and being "cheaper". I wonder why.
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VERY easy answer:
https://www.marketwatch.com/livecove...3V5BeUGnJ2KHGa
Tesla (because Elon) is ALL about the stock value. It's so overhyped and over discussed. So whenever there's bad news, Elon pulls "a lever". Usually in the from of discounts. Sometimes product. Etc.
They don't always need to do this and, in fact, for many years had a supply problem, not a sales problem. They still don't have a sales problem. But I LOL when I read that Tesla has a net earnings of $1.13B in Q1 and people are reporting it as "bad news". I was around when a good YEAR was not in the red. Not a Billion positive in one quarter.
How quickly people forget.