The top comment on the thread
https://old.reddit.com/r/stocks/comments/16xxnsa/tsla_q3_deliveries_fall_short/
talks about tesla reducing production due to the upgrade of factories to the new models.
yet I remember it clearly last year it was the discussion that tesla is worth so much more because of how big their backlog is (ie orders placed but not fullfilled yet).
but you can clearly see here:
https://insideevs.com/news/679888/estimated-tesla-order-backlog-jul16-2023/
that the order backlog didn't increase in a meneaningful way similar to the lockdown periods / semiconductor shortage.
which means tesla delivered as much as the customers wanted more or less.
I do belive that between:
1. recession in Europe.
2. compatition: https://www.bbc.com/news/business-65643064 china becoming the world's top car exporter, japan and gemrany after.
3. chinese market (which used to be the highest growing to the auto industry) is locking out western companies due to trade wars.
4. inflation/reduction in margines.
in my opinion the growth story tesla has sold is running on fume.
Leave a Reply