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Technology Stocks : Tesla EVs - TSLA
TSLA 456.56+3.7%Oct 31 9:30 AM EDT
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To: Rocket Red who wrote (20463)12/27/2022 4:03:34 AM
From: Bux1 Recommendation

Recommended By
Eric

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Those who think the competition is coming don't realize how much pricing power Tesla has built into their current prices. We've been hearing about this mythical competition that was supposed to show up in 2019 but every quarter that Tesla produces and sells record numbers of vehicles proves how wrong the Tesla detractors really were. And the same people have the nerve to blame the Cybertruck for being a year or so late while the competition is already 4 years late and is still nowhere to be seen.

Tesla can lower prices at will so it's going to be impossible for other manufacturers to sell EV's in high volume that actually compete with Tesla sales. Remember, the other manufacturers are selling their EV's at a loss or at an insignificant profit. They have no room to lower prices to compete in any serious manner against Tesla.
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