Tesla Is Not Done Cutting Prices, Analysts Say

MarketWatch2023-04-11

Tesla Inc.’s recent price cuts are unlikely to be the last, and they put margins in the spotlight with the electric-vehicle maker set to report quarterly earnings soon.That’s from analysts at ...

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Comments

Greg2021
2023-04-11
Greg2021
Kill the competition go TSLA!
a4xrbj1
2023-04-11
a4xrbj1
Please note that price cuts are first of all to meet tax credits in the US and secondly that thecurrent prices are back to what they asked forin 2021. Tesla is constantly adjusting their prices up and down by model and even options (eg LR vs SR) and by country to make sure that production is sold and meets the demand in the respective country. This includes complex logistics as they are starting to sell Tesla in more and more countries (eg Thailand, South Korea). If the news media would also report every price increase in Tesla that would be proper journalism but it won't fit their "Tesla is going down the drain, sell your shares and buy legacy car makers who pay us for advertisements" story.
- a4xrbj1:
  I’d like to see that but i have my doubts it will happen soon
- a4xrbj1:
  I think we have to wait another month or two for breaking through tge $200 barrier for good
- a4xrbj1:
  Its a blackout period, he and the other top management isnt allowed to make any moves on stocks. You should have known this investment 101
- nimbly:
  Elons going to cash in some shares before earnings to fund the new ai company just like he did for twitter he knows it will drop on 19th anfter the earnings are revealed
- wigglyz:
  tesla stuck in range 179 to 186.

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Base prices for the Model S and Model X each came down by about $5,000, among other cuts, and Tesla also began offering a cheaper, shorter-range Model Y compact SUV.“Make no mistake — the price cuts reflect Tesla’s need to stimulate demand and arean explicit trade off of margins for volume,” Bernstein’s Toni Sacconaghi said. “While many investors have been hopeful that [first-quarter] margins might be bottom, we don’t believe that will necessarily be the case, particularly given our belief that further cuts are likely.”Chief Executive Elon Musk said in late January that orders were twice Tesla’s production capacity after price cuts in early January, “and yet [first-quarter] deliveries lagged production, pointing to a significant deceleration in orders over the quarter,” Sacconaghi said.“We believe additional price cuts in other geographies are likely. 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Tesla is constantly adjusting their prices up and down by model and even options (eg LR vs SR) and&nbsp;by country to make sure that production is sold and meets the demand in the respective country. This includes complex logistics as they are starting to sell Tesla in more and more countries (eg Thailand, South Korea). If the news media would also report every price increase in Tesla that would be proper journalism but it won't fit their \"Tesla is going down the drain, sell your shares and buy legacy car makers who pay us for advertisements\" story.","listText":"Please note that price cuts are first of all to meet tax credits in the US and secondly that thecurrent prices are back to what they asked forin 2021. Tesla is constantly adjusting their prices up and down by model and even options (eg LR vs SR) and&nbsp;by country to make sure that production is sold and meets the demand in the respective country. This includes complex logistics as they are starting to sell Tesla in more and more countries (eg Thailand, South Korea). If the news media would also report every price increase in Tesla that would be proper journalism but it won't fit their \"Tesla is going down the drain, sell your shares and buy legacy car makers who pay us for advertisements\" story.","text":"Please note that price cuts are first of all to meet tax credits in the US and secondly that thecurrent prices are back to what they asked forin 2021. Tesla is constantly adjusting their prices up and down by model and even options (eg LR vs SR) and by country to make sure that production is sold and meets the demand in the respective country. This includes complex logistics as they are starting to sell Tesla in more and more countries (eg Thailand, South Korea). If the news media would also report every price increase in Tesla that would be proper journalism but it won't fit their \"Tesla is going down the drain, sell your shares and buy legacy car makers who pay us for advertisements\" story.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":33,"commentSize":36,"repostSize":0,"link":"https://ttm.financial/post/9942633030","repostId":2326612313,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106325772,"gmtCreate":1681923066382,"gmtModify":1681923072742,"authorId":4140090365269462,"author":{"id":4140090365269462,"idStr":"4140090365269462","authorId":4140090365269462,"name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9942633030,"type":1,"supId":106315786,"prevId":0,"content":"<span class=\"s1\">I’d like to see that but i have my doubts it will happen soon</span>","text":"<span class=\"s1\">I’d like to see that but i have my doubts it will happen soon</span>","html":"<span class=\"s1\">I’d like to see that but i have my doubts it will happen soon</span>"},{"id":106325771,"gmtCreate":1681923023118,"gmtModify":1681923029680,"authorId":4140090365269462,"author":{"id":4140090365269462,"idStr":"4140090365269462","authorId":4140090365269462,"name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9942633030,"type":1,"supId":106316037,"prevId":0,"content":"<span class=\"s1\">I think we have to wait another month or two for breaking through tge $200 barrier for good</span>","text":"<span class=\"s1\">I think we have to wait another month or two for breaking through tge $200 barrier for good</span>","html":"<span class=\"s1\">I think we have to wait another month or two for breaking through tge $200 barrier for good</span>"},{"id":106325770,"gmtCreate":1681922967165,"gmtModify":1681922973725,"authorId":4140090365269462,"author":{"id":4140090365269462,"idStr":"4140090365269462","authorId":4140090365269462,"name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9942633030,"type":1,"supId":106316040,"prevId":0,"content":"<span class=\"s1\">Its a blackout period, he and the other top management isnt allowed to make any moves on stocks. You should have known this investment 101</span>","text":"<span class=\"s1\">Its a blackout period, he and the other top management isnt allowed to make any moves on stocks. You should have known this investment 101</span>","html":"<span class=\"s1\">Its a blackout period, he and the other top management isnt allowed to make any moves on stocks. You should have known this investment 101</span>"},{"id":106316040,"gmtCreate":1681627661688,"gmtModify":1681627668244,"authorId":9000000000000342,"author":{"id":9000000000000342,"idStr":"9000000000000342","authorId":9000000000000342,"name":"nimbly","avatar":"https://static.tigerbbs.com/2a5f2c7d7652e6711ec37ca005bc8b25","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9942633030,"type":1,"supId":0,"prevId":0,"content":"Elons going to cash in some shares before earnings to fund the new ai company just like he did for twitter he knows it will drop on 19th anfter the earnings are revealed","text":"Elons going to cash in some shares before earnings to fund the new ai company just like he did for twitter he knows it will drop on 19th anfter the earnings are revealed","html":"Elons going to cash in some shares before earnings to fund the new ai company just like he did for twitter he knows it will drop on 19th anfter the earnings are revealed"},{"id":106316038,"gmtCreate":1681627639707,"gmtModify":1681627646151,"authorId":3479274725915373,"author":{"id":3479274725915373,"idStr":"3479274725915373","authorId":3479274725915373,"name":"wigglyz","avatar":"https://static.tigerbbs.com/11f0390f4344fa15e794478b64ee460f","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9942633030,"type":1,"supId":0,"prevId":0,"content":"tesla stuck in range 179 to 186.","text":"tesla stuck in range 179 to 186.","html":"tesla stuck in range 179 to 186."}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":27,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2326612313"}