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re: Maybe Tesla is a car company after all
Posted on 10/18/23 at 10:27 pm to Diseasefreeforall
Posted on 10/18/23 at 10:27 pm to Diseasefreeforall
quote:
I missed the comment about the hole the company dug itself with Cybertruck. That's an absolutely brutal statement to make on a call.
I watched the AH price immediately drop a couple bucks.
Saying that, Musk is refreshingly candid even if it isn't great for the stock price.
I don't wish him to fail, but just understand the realities of the business Tesla is in. Right now he's chasing market share which is never good for margins. However, he has factories to keep busy.
At least he doesn't have to deal with the UAW.
btw-Going from memory, but that 7.9% margin is no better than the Big 3 typically do.
This post was edited on 10/18/23 at 10:36 pm
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