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by asdignoio
2940 days ago
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The article is not stupid at all. The author never claimed that "there may not be enough demand for the model 3." You're putting those words in her mouth. What she said is that people are rapidly asking for refunds, that Tesla's manufacturing is in trouble, and that this is a serious cause of concern for investors. All of those things are indisputable facts that anyone interested in electric cars would want to hear. And you can't claim that Tesla being unable to meet demand means demand is high. Supply is appallingly low, so even a low demand could result in the backlog of orders we see. The fact that demand exceeds supply doesn't imply that the demand is high enough to keep the company afloat. |
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> this is a serious cause of concern for investors.
No, it isn't. It's immaterial. Tesla isn't about to get pushed over the brink by some canceled reservations. Even if they had to give up $150 million in reservations out of their several billion dollars on hand, production is gaining steam at a very rapid pace. They're delivering tens of thousands of Model 3's per quarter now. The income from the fulfilled reservations will eclipse the trivial cancellation numbers by so much that I consider it irresponsible financial reporting to suggest otherwise.
It's just short-side proselytising, is what it is. It's showing half the picture to reach a flawed conclusion for readers who don't know better.
And moreover, I love how in the past year or so suddenly everyone and their aunt is an expert on production and manufacturing and is quite confident that Tesla doing a bad job. Compared to what, exactly? All the other brand new car manufacturers that sprung up a decade ago? Oh, wait.