"I thought the strong USD would eat away...". Looks like it was a bad call when Apple is already pricing in these factors. Yet this call punished Apple trading price which in turn hurt retail shareholders hard. This article just appears to me the author is simply correcting his own short sightedness than correcting the markets.
This article appears to be very skewed or biaised towards Tesla. Very selective towards useof data citing market volatility and reference to old historical data where doesn't have any relevancy to today's market challenges or Covid-19 driven market forces. Indeed a very simplistic view which I will chose to read with little pinch of salt.
I would expect more price cuts across the markets to completely dominate the EV sales. With new launches upcoming, from product lifecycle perspective.c this is highly expected. Analysts who don't understand product lifecycle see this as negative move to beef up revenue, and they will buy downward trend. It's a win winfor them, but for retails investors, we should not be led on by.
I recalled Elon made a remark that EV vehiclesare to be economical for a bigger good. And he has other products for higher margin. Once the market is flooded with his EVs, there are still milking products like his charging stations. Why are analysts punishing Tesla when slashing prices is a good thing for the general Consumers? Profits for the top analysts/bankers over savings for the mass?
Cheaper Teslas Are Hurting Profits, but Elon Musk Plans to Keep Slashing Prices. Here's Why
Where are the anal-yts that expect decline in sales and that the share price will take a beating? Where are they? Who are taking them to task for a wrongful analysis resulting in retail investors letting go too early?
Tesla's Second-Quarter Deliveries Beat Estimates as Price Cuts Boost Sales
Is there a vested interest in this article? Otherwise, this is just another skewed article just to bring down a person and the share price. There are too many moving parts to deliver a projection or inspiration. No dividends in this stock anyway, hence if you believe his words, go for it else stay out and keep your stereotype for yourself.
Two analysts send a listed company share price southwards! This is totally absurd![Surprised] How often analysts hurt retail investors and get scot free when their crystal balls failed.
This will bring shivers down the spine of their rivals. And in no time demand is going to go up and strengthening its position as market leader. Remains bullish with each price adjustments.
Tesla Cuts U.S. Model S and Model X Prices Between 4% and 9%