Tesla Notches Surprise Profit With Higher Revenue, Model 3 Production

#19681
ThePitBoss
Participant

Missed this little gem in the RBC note:

“Whether its cutting the price of their lineup by $2k/unit, admission the federal tax credit expiring will hurt, acknowledgment that Tesla can’t sell at $35k Model 3 profitably and costs need to come down, or language around full-self driving – we’d classify recent commentary and actions by the company as more realistic. This is likely to cause a review of model assumptions leading to negative expectation revisions.”