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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

#21

Post by jacquesm »

eecc wrote: post #8
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 no…

That may be so, but the effect on the stock price is pretty real.

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

#22

Post by jacquesm »

Tanoc wrote: post #16
vkou wrote: post #5

Earlier quoted context omitted.

> 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 a used but not common practice in the North American car market. Toyotathon happens in December in order to dump old stock and increase sales during the last possible part of the year. Same with the December To Remember sales event from Toyota's luxury arm Lexus. Ford and GM don't usually engage in this unless they're axing the model anyways (Pontiac Solstice and Ford Taurus for example). Happy Honda Days is the…

Do their stocks respond in a similar way?

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

#23

Post by mschuster91 »

dehrmann wrote: post #15
swarnie wrote: post #10

[flagged]

To be fair, Twitter was treading water before Elon got involved.

Agreed, but literally everything else would have been a better option than letting Musk of all people buy it.

It's been a bad run for everyone involved: a lot of the people who built and ran Twitter are without a job, those who had to stay (H1B) are ruthlessly exploited now, Musk has lost a ton of his net worth because of TSLA tanking, TSLA investors lost a ton of money as well, and society didn't benefit from the return of high-profile neo-Nazis as well.

We need to update anti-trust regulations to make sure rich individual billionaires don't have the ability to buy or control major communications platforms, no matter if it's social networks or newspapers. In the end, there's nothing positive about that.

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

#24

Post by guax »

rlt wrote: post #11

I don’t understand why Tesla needs to rush deliveries at the end of every quarter/year. If they need to provide incentives to meet the expectations they’ve set then the market should realize that and price it in, exactly like this, so what’s the point?

Markets can't realize anything, they have no sentience. The stock market is a graph of rich people's feelings, always has been. It reacts to rumors, sentiments and data, not reason.

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

#25

Post by tromp »

lossolo wrote: post #18
Eisenstein wrote: post #17

Earlier quoted context omitted.

What is TSLAQ?

From first google result: > TSLAQ (pronounced "Tesla Q") is a loose, international collective of largely anonymous short-sellers, skeptics, and researchers who openly criticize Tesla

Somewhat confusing considering that Tesla Model Q is one of the rumored names for the new cheaper compact model (aka Model 2).

https://topelectricsuv.com/news/tesla/tesla-model-2-design-d...

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

#27

Post by eecc »

lossolo wrote: post #18
Eisenstein wrote: post #17

Earlier quoted context omitted.

What is TSLAQ?

From first google result: > TSLAQ (pronounced "Tesla Q") is a loose, international collective of largely anonymous short-sellers, skeptics, and researchers who openly criticize Tesla

The etymology is that bankrupted stocks that get pulled off the Exchange used to get a Q appended to their ticker name. https://www.investopedia.com/terms/q/q.asp

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

#28

Post by lotsofpulp »

mschuster91 wrote: post #23
dehrmann wrote: post #15

Earlier quoted context omitted.

To be fair, Twitter was treading water before Elon got involved.

Agreed, but literally everything else would have been a better option than letting Musk of all people buy it. It's been a bad run for everyone involved: a lot of the people who built and ran Twitter are without a job, those who had to stay (H1B) are ruthlessly exploited now, Musk has lost a ton of his net worth because of TSLA tanking, TSLA investors lost a ton of money as well, and society didn't benefit from the re…

> It's been a bad run for everyone involved:

Twitter stock owners were involved, and they did pretty well.

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

#29

Post by FireBeyond »

tromp wrote: post #25
lossolo wrote: post #18

Earlier quoted context omitted.

From first google result: > TSLAQ (pronounced "Tesla Q") is a loose, international collective of largely anonymous short-sellers, skeptics, and researchers who openly criticize Tesla

Somewhat confusing considering that Tesla Model Q is one of the rumored names for the new cheaper compact model (aka Model 2). https://topelectricsuv.com/news/tesla/tesla-model-2-design-d...

Musk has a habit, a la Boris Johnson, of "snowing" search results that are likely to be unfavorable with his own (Johnson made a big show of repeatedly talking about "painting wine boxes to look like buses" to distract from a campaign issue about Brexit and contentious claims painted on buses).

"Did you mean Tesla Model Q?", might say Google in the future, when someone looks for Tesla Q.

https://www.wired.co.uk/article/boris-johnson-model-google-n...

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

#30

Post by [deleted] »

lotsofpulp wrote: post #28
mschuster91 wrote: post #23

Earlier quoted context omitted.

Agreed, but literally everything else would have been a better option than letting Musk of all people buy it. It's been a bad run for everyone involved: a lot of the people who built and ran Twitter are without a job, those who had to stay (H1B) are ruthlessly exploited now, Musk has lost a ton of his net worth because of TSLA tanking, TSLA investors lost a ton of money as well, and society didn't benefit from the re…

> It's been a bad run for everyone involved: Twitter stock owners were involved, and they did pretty well.

[deleted]
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