Q1 Deliveries missed by a mile both plunging market consensus and Tesla's expectations as sales crashed while it overproduced to record cumulative excess inventory which jumped 70% vs last year.
Boomeranged on Tue, 16 Apr 2024 05:24
Severe job cuts coming at Tesla Inc after wildly overproducing Elon’s “appreciating assets” even as a year of drastic price cutting + expensive buyer perks fail to reverse plunging demand in Tesla’s paltry, aging, poorly made & supported fleet, as I warned again in Tesla Q1 Deliveries: Look Out Below.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.