Tesla Motors (TSLA) / Elon Musk 02 (Dec 22 - Dec 25)

[behappyalways]

Unsold Teslas Pile-Up In Mall Parking-Lots, Big Discounts Likely
https://www.zerohedge.com/markets/unsol ... nts-likely

[behappyalways]

Weilai’s copycat Model Y?
The first SUV launched is $4,000 less than Tesla, one step ahead of Tesla!
Baidu grabs the driverless taxi and turns profitable next year

蔚來山寨Model Y?首推SUV比特斯拉少4千美元 早特斯拉一步! 百度搶進無人計程車明年轉盈｜非凡財經新聞｜20240517

https://m.youtube.com/watch?v=BglO0Hd1rzU

[winston]

not vested

Tesla is working to appease some European leasing companies

Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value and its slow service and expensive repairs alienated their corporate customers.

The efforts include unofficial discounts on purchases of new cars if they are in stock and efforts to address widespread service, repair and ordering complaints after years in which fleet managers and leasing firms say Tesla has ignored those problems.

Tesla’s retail price cuts aimed to bolster sales in response to softening electric vehicle (EV) demand globally and rising competition, especially from Chinese EV makers such as BYD.

But that damaged the bottom lines of its biggest customers in Europe – where fleet purchases represent nearly half of auto sales.

Leasing companies buy new cars and arrange leases calculated on how much they believe they can sell them for at the end of the lease. Sudden drops in price undercut those residual values, costing leasing firms money.

Source: Phillips

[behappyalways]

Parking lots full of Tesla vehicles are becoming impossible to ignore as the electric automaker seemingly can’t sell enough cars and trucks to match its rate of production
https://x.com/Mayhem4Markets/status/1793229585636536459


Tesla’s sales in Europe fall to 15-month low
https://x.com/Mayhem4Markets/status/1793230685139869900

[behappyalways]

Elon Warns AI Will "Do Everything Better Than You", Make Employment Obsolete
https://www.zerohedge.com/technology/el ... t-obsolete

[behappyalways]

Tesla Investors Back Musk's $56 Billion Pay Package, & Move To Texas
https://www.zerohedge.com/markets/elon- ... texas-move