LOL "bosses"? Don't cha just mean Elon? As for what is happening it is called margin compression, which is not a good thing for ... price expansion.
TSLA looks like it's getting ready to make one of its $5-$7 moves. If not today, tomorrow for sure. Tough call on the direction... if had to guess, and hopefully I'm wrong, I'm slightly leaning towards the down side. I only say that, and I'm purely speculating, but I doubt many shorts piled on this week. Too scared.
Thanks but I was just reading then posting what many in the financial media were pointing out, that demand was starting to slip, competitors were coming on, and Elon was slashing prices to hold on to or try even to increase market share ... at the expense of lower margins. So something had to give. An early "tell" was price topping out in Nov'21 all the while NDX kept moving higher and higher. If, big if, NDX breaks lower - say 20% or more correction - TSLA might reach $100 or lower. Who knows? TWT
https://www.teslarati.com/tesla-6-million-vehicle-production-achieved/ Tesla celebrates 6 million vehicle production milestone By Simon Alvarez Posted on March 29, 2024 Tesla has announced that it has reached a cumulative production of 6 million vehicles. That’s an amazing achievement for a young carmaker that has so far only offered a handful of premium electric cars to consumers since its earliest days. The electric vehicle maker announced the milestone in a post on social media platform X. As could be seen from the short video clip posted by Tesla, the company’s 6 millionth vehicle is a Stealth Gray Tesla Model Y produced at the Fremont Factory. The vehicle was surrounded by a group of Tesla employees who were celebrating the milestone. Tesla thanked its customers over the years in its commemorative post. “Produced our 6 millionth car! Thank you to our owners & teams around the world for your support & hard work—it truly matters,” the electric vehicle maker wrote in its X post. Tesla Vice President of Finance Sendil Palani provided some background on Tesla’s milestone. “After our initial ~2,400 vehicles (original Roadster, hand-assembled in the back of our Sales/Service location in Menlo Park, CA over five years), the Fremont factory was the site of our first ‘high volume’ product, the Model S. It launched at an aspirational capacity of 20,000 vehicles *per year*. Nice to celebrate our 6 millionth car pictured back where it all began,” the Tesla executive wrote. What is particularly impressive about Tesla’s recent post is the fact that the company just announced a similar milestone about 6.5 months ago. In mid-September 2023, Tesla revealed that it had produced its 5 millionth car. And in early March 2023, Tesla announced on X, that it had produced its 4 millionth vehicle at Giga Texas. Tesla’s production milestones show that the company has truly become a mainstream automaker that can stand toe-to-toe with the best in the electric vehicle sector. As per Tesla watchers, Tesla took a whole 12 years to produce 1 million vehicles. The 2 million-vehicle mark took 15 months, and hitting 3 million vehicles only took 10 months. Copyright © TESLARATI. All rights reserved.
That and about $3 will get you a ride on NYC Subway. But I do note this particular part of a sentence near the end:- "Tesla’s production milestones show that the company has truly become a mainstream automaker that can stand toe-to-toe with the best in the electric vehicle sector." And agree completely.
When there is any I will gladly respond. BTW that wasn't meant as such, but ties into the contracting growth aspect. Its just not realistic to think growth would continue exponentially. Greater growth rate than your competitors is "great" but with stock price still over-inflated that needs to adjust more than it has. Then at some point regain a bullish phase. Until that happens exciting news won't likely move the needle.