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Non-Tech : Kirk's Market Thoughts
COHR 175.05-1.9%3:59 PM EST

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To: #Breeze who wrote (16623)10/9/2023 10:49:12 AM
From: Kirk ©1 Recommendation

Recommended By
berniel

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From a Seeking Alpha email:

Tesla headwinds

Tesla (TSLA) dipped 1.6% before the bell today, as the headwinds facing the automaker continue to mount. Tesla's China sales in Sept. dropped 10.9% Y/Y and 12% lower than its tally in Aug. Adding to its woes, the company's latest price cuts following its Q3 deliveries miss, are expected to further impact demand. Tesla has been adjusting prices across models based on market conditions as it prioritizes volume over pricing and near-term profits. "Tesla's intention is to realize greater profit from post-sale products such as Full Self Driving," Bank of America noted. But SA analyst Christoph Liu is doubtful of Tesla's "aspirational" targets, given stiff competition and its history of overpromising.
I'm not a fan of having to pay a subscription to keep my car working like I have to do now for MSFT Office products and Quicken that used to be buy once and keep for years until you want to upgrade for new features. Where is Lena Kahn when we need her?

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