2024-11-18 10:51
It's mid-Q4 & Tesla realizes they're way behind Musk's aggressive target for 11.3% YoY delivery growth this quarter so resort to the usual price cuts.
Imagine how bad orders must be globally (ex-China) for Tesla after Nov-6. There'll have to be more price cuts by year end.
While most carmakers have been disciplined with pricing, Tesla clearly has no concern for their brand value or profitability. I wonder what tricks the CFO has up his sleeves to prop up Q4 profits amid these price cuts.