Cowen and Co. analyst Jeffrey Osborne expected investors to focus on missing the delivery target, but he only saw modest negative reaction"following acute weakness the past few weeks on production cuts in China and discounting."
In an apparent effort to shore up the stock price, Tesla announced Monday that it would hold an investor day event on March 1 at its factory near Austin. Investors will be able to see Tesla's production line, discuss expansion plans and see the platform that will go beneath Tesla's next generation of vehicles. for the world's wealthiest person, according to Forbes.
Let's be blunt. Sales are plummeting due to the price tag. Teslas main audience falls under a narrow scope of affordability. Broaden that gap by changing the value of the vehicles. Making Tesla the standard model & choice in automobiles by doing such. Balance is key.
Tesla in the number one position for sales of EV's in Norway.
Shares will continue to fall because Elon became a politician.
The reality of the coming year is that ALL major car manufacturers have viable choices now for fully electric. Sure, they might not have full Autopilot that keeps getting in to accidents but I believe that is more taking responsibility than not having the tech...
All elonmusk had to do was be quiet and let the cars sell themselves. Instead he decided to be weird, loud, and offer a platform to amplify racists. Hillbillies love high octane trucks. Not e-cars. Know your lane dude.
Looks like the CBS headline writer fell even shorter. 😑
Seems he couldn't get enough volunteers to deliver enough cars to get him over the line. Maybe he should have offered to pay people? Wouldn't that have cost less than the massive drop in value today?