Tesla: Examining The Price Cuts

Summary:

  • Automaker cuts prices across the board in US and Europe.
  • So far, demand indicators are not as impressive as hoped.
  • Analysts are starting to cut 2023 estimates for top and bottom lines.

Tesla Shanghai Gigafactory

Xiaolu Chu

Last week, I detailed how I thought the major theme for Tesla (NASDAQ:TSLA) this year would be prioritizing volume over margins. The electric vehicle maker’s goal has been to achieve 50% delivery growth per year over

Used Tesla Index

Used Tesla Price Index (CarGurus)

Delivery Estimates

Tesla Delivery Estimates (Company Order Pages)

2023 Estimates

Tesla 2023 Estimates (Seeking Alpha)


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