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Tesla shares tank after U.S. discounts doubled on key models

reuters.com

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Re: Tesla shares tank after U.S. discounts doubled on key models

#5

Post by vkou »

Animats wrote: post #2

Only for the next week.[1] Forget "discounts". Show me the final price as delivered with all fees and taxes included. [1] https://www.cars.com/articles/tesla-offers-7500-discount-on-...

> Only for the next week.[1]

Is this an attempt at juicing Q4 financials? Is this normal among automakers, or is it just a short-term attempt to pump up sales numbers today, at the cost of sales in Q1? Or is this aimed at pulling in market share from competitors?

Re: Tesla shares tank after U.S. discounts doubled on key models

#6

Post by osrec »

vkou wrote: post #5
Animats wrote: post #2

Only for the next week.[1] Forget "discounts". Show me the final price as delivered with all fees and taxes included. [1] https://www.cars.com/articles/tesla-offers-7500-discount-on-...

> Only for the next week.[1] Is this an attempt at juicing Q4 financials? Is this normal among automakers, or is it just a short-term attempt to pump up sales numbers today, at the cost of sales in Q1? Or is this aimed at pulling in market share from competitors?

It's normal amongst a lot of equipment and machinery manufacturers.

Re: Tesla shares tank after U.S. discounts doubled on key models

#7

Post by hervature »

bamboozled wrote: post #4
moomin wrote: post #3

So wait, does this mean Tesla are finally making cars faster than they can sell them?

What does this have to do with anything sorry ? If the current price was warranted why would the price be lowered regardless of the output ?

Because the "current" price is always warranted based on supply and demand. If supply > demand, economics 101 says the price is too high.

Re: Tesla shares tank after U.S. discounts doubled on key models

#8

Post by eecc »

moomin wrote: post #3

So wait, does this mean Tesla are finally making cars faster than they can sell them?

I guess so, but just because some sweet subsidies are coming January 1 so everyone is procrastinating orders to that date.

In practice it’s just Tesla “chipping in” a bit of the profit boost it will get next year, to avoid ruining their quarterly sales metrics.

Either way the TSLAQ crowd will have a field day with all the negative attention Musk is getting: they’re toast, they can’t sell without discounts, they’re not a carmaker but only a subsidy taker.

Re: Tesla shares tank after U.S. discounts doubled on key models

#9

Post by eecc »

vkou wrote: post #5
Animats wrote: post #2

Only for the next week.[1] Forget "discounts". Show me the final price as delivered with all fees and taxes included. [1] https://www.cars.com/articles/tesla-offers-7500-discount-on-...

> Only for the next week.[1] Is this an attempt at juicing Q4 financials? Is this normal among automakers, or is it just a short-term attempt to pump up sales numbers today, at the cost of sales in Q1? Or is this aimed at pulling in market share from competitors?

Q1 sales will be great, some subsidies are coming to boost EVs. But the Q4 are driven to be somber by the subsidy start date; so they’re anticipating some of that windfall to avoid negative press, smooth operations and keep customers from slipping to competitors when demand will bounce January 1.
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