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IPFS News Link • Business/ Commerce

What Goes Up . . .

• https://www.ericpetersautos.com by Eric

In fact, it is a function of Teslas not selling.

Orders have plummeted from more than 476,000 as of last summer to around 72,000 as of right now.

"Tesla is clearly transitioning from being supply constrained – where delivery volumes grow in line with production capacity and prices increase – to being demand constrained – where prices fall to stimulate demand and production outpaces delivery," says Bernstein analyst Yoni Sacconaghi, who advises selling rather buying stock in the company.

As in, cut your losses.

Alexander Potter of the investment banking company Piper Sandler says "wait times (for new Teslas) haven't spiked meaningfully, so Tesla may cut prices further."

So, what's up with all of this?

Several things, probably.


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