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Damaged growth story? Tesla delivered more cars this quarter than ever before: https://www.cnbc.com/2019/10/02/tesla-tsla-3q-2019-production-and-delivery-number
by cloudwalking 7y ago
Damaged growth story? Tesla delivered more cars this quarter than ever before: https://www.cnbc.com/2019/10/02/tesla-tsla-3q-2019-production-and-delivery-numbers.html https://www.cnbc.com/2019/10/02/tesla-tsla-3q-2019-productio...
Lower ASP is to be expected as people are buying many more (and increasing) Model 3 than Model S/X.
- deleted 7y ago[deleted]
- ceejayoz 7y agoThe headline of your link literally says "falling short of forecasts". That supports the "damaged growth story" assertion, doesn't it?
- cloudwalking 7y agoNo I don't think so. Deliveries are still going up and up! Just not quite as high as the TOP end of the Wall st. forecast.
- ianferrel 7y agoSelling more cars is great, but YoY reduction in revenue will not justify the valuation of TESLA stock.
- cloudwalking 7y agoDepends how you define "reduction in revenue." YoY growth in units but reduction in per-unit profit is often a very good sign. See Apple when they introduced the iPod mini. Average sale price went down but number of units continued to increase.
- ianferrel 7y agoTotal revenue. Apple did not make less total revenue when they introduced a lower-priced iPod. The claim above was that Tesla would have had a reduction in total revenue without being able to book pre-sales for this half-baked feature.