Tesla delivered dismal Q1 delivery data 😢
Out of a production of 430,000 units, only 380,000 units were delivered, which means there is an inventory accumulation of 50,000 units. The company actually has a lot of inventory to sell, so I have reservations about the reasons given by the management.
But it also confirms the previous view that Tesla's pricing strategy has changed. Instead of lowering the price to sell, it is now slowly raising the price to force people who want to buy to get the car quickly.
If we look at the overall EV market in Q1, the performance of the two major EV companies:
- BYD QoQ -43%
- TSLA QoQ -21%
In fact, the entire EV market is facing headwinds, but the overall auto market sales in the United States are growing YoY. Does this mean that the penetration rate of the EV market has begun to decline? This requires close attention.
We all know that a general trend does not rise 90 degrees, but presents an S-Curve. It rises in some years and falls in some years, but it grows in the long run. I believe that the EV market is like this, because in the final analysis, the value of EV Performance and usage are better than fuel vehicles.
This goes back to the original intention of investing in the EV industry. Do you believe that EV is the future of the automotive industry, or is it a short-lived flash in the pan that is the biggest scam of the century? People will eventually go back to driving fuel vehicles, just like giving up their smartphones and going back to using Nokia.
For me, I will bottom Tesla at 150 USD which is pretty close now. And my final buy in target will be at 120 USD. Of course I don't wish the share price to drop until so low [Smart] [Smart] [Smart]
@Tiger_comments @MillionaireTiger @TigerStars @CaptainTiger @Daily_Discussion @TigerClub @TigerSG
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Azerone.Kee·04-03The MACD and KDJ indicator show Tesla is on its downtrend, the Position Cost show very high pressure for the stock price. I will not be surprised if the price goes down to below $150.2Report
- Aqa·04-04Liked and shared.LikeReport
- Fenger1188·04-03谢谢分享1Report