This Is the kind of shet that keeps me humble and on my toes. What the actual fawk. Hanging on for the 3:1 split only tripled my losses. I’m not sure how to decipher the earnings report, I’m going to spend a couple of days reading it. Profit margins are down due to the price cuts (expected) but volume does not seem to have spiked and demand didn’t pick up strength. Not fucking expected. An increase in gas prices might help sales. I should stick to making real estate loans.
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I’m eating it too. Underwater since I owned it, shit. Lower margins that you touched on and Musk cutting prices again not a good combo. Gross margins 18.2% missing the target of just over 20%. Margins are the lowest in 2 years.
Seems like they’re willing to give away the hardware near term in hopes of monetizing its software in the future.
Musk wants to go to the moon. lol.
How many more buyers are there? To the untrained, or uninterested eye, there is not much difference in models over the years. Sure, there are changes, but they are not extreme. They need to do a HARD redesign to really separate the new models and shame people into buying new ones. I laugh every morning on my way into the office as I am surrounded by Teslas, it's like I live in a Tesla Game Preserve. And all the housewives driving them holding their coffee up high for the world to see, it's like they are the statue of liberty.