Makes good commercial sense to increase sales since Tesla Shanghai has the lowest cost position; adding volume helps lower overall cost. This will greatly affet their competitors who are already losing money on every sales. This is also a test for Tesla to see how far their competitors can support lowering of their price and how far they can affort to lose. This will greatly reduce sales of others beside Tesla. Besides Tesla has an abundant orders from Asia Pacific, and they can ship their addtional production volumes to Asia -- as it is only a very short distance from Shanghai. Great strategy by Tesla China
Tesla Offers Additional Discount to Chinese Buyers on Some Models
$Palantir Technologies Inc.(PLTR)$ bullish momentum getting stronger, as shown by the strength of the support line. Bounces back after price went down. Options pricing is also gaining strength. Waiting for more gain esp in Dec
$62 Million is a small amount as compared to her ttoal holding in TSLA. She has to unload as the $ value of TSLA stocks go up to a certaain value as constrained by the rule of her ETF that no no stock should hold more than a certain amount in value in total. This is positive news instead; you will see that she is also setting up some new ETFs to hold more of TSLA stocks to continue to take advantage of TSLA’s growth in value
Cathie Wood Keeps Selling Tesla, Unloading $62 Million of Shares