It's juicing demand by lowering prices, not unlike how traditional automakers use incentives to boost sales.
It announced plans to move away from its tradition of bunching vehicle sales toward the end of each quarter — a strategy it often deployed to meet or exceed sales targets, but which had a punishing effect on workers who had to scramble to deliver vehicles. Tesla's recent round of price cuts — averaging $10,000 per vehicle in the U.S., according to Evercore ISI — have stoked demand, CEO Elon Musk said on the company's earnings call.
He added that he could envision Tesla making 2 million vehicles in 2023 — compared with 1.37 million in 2022 — if the world avoids major disruptions.Tesla kicked off the EV revolution — and Musk has long stated that his goal was to achieve sustainable energy for the world, even praising competitors who join the mix.
'Weigh.'
Whatev.
The twit is willing to sell it off the protect ridiculous vanity projects. Divest your stock people!
What so no more drive by phone tech?
What a steaming load of manure. This isn't journalism. It's cut and paste from a Tesla PR firm press release.
Because the only innovation that existed at Tesla was there before Musk bought the technology. We’re learning that Musk is another overrated overvalued white guy businessman.
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Tesla earnings: Disappointing Q4 will drag stock lower, Gene Munster saysSteer clear of Tesla with disappointing earnings set to drag the stock lower, strategist Gene Munster says The demand is still high but competitive companies are on the rise. This is what elonmusk wanted, it's not much of an issue especially with 190 billion tailwind.
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