[Mistletoe]

The Tesla price drop saga reminds me of when Michael Scott keeps dropping his paper prices when he makes his own company and the accountant finally has to tell him that he is pricing himself into bankruptcy.

https://theoffice.fandom.com/wiki/Broke

[user568439]

Tesla had around 20% margin per car compared to the below 10% (sometimes much below) of the industry.

They were ready for dropping the prices as soon as their production scaled to the point where they were not selling all they could make.

One can criticize Tesla for their build quality or service but they are doing well with pricing.

Edit: And they are doing a favor to the people like me that doesn’t want to buy a Tesla but another brand of EV. VW is already considering dropping prices of their ID3 because now it costs the same than the model 3 being an inferior segment and having less range

[Mistletoe]

I guess it all comes down to how much you believe their margin numbers. I remember when I had my 2021 Model 3 wondering how much money they must be losing on these cars. The amount of “good stuff” in the car seemed so far above any car I had ever seen at that price point. I’m used to normal automakers thinking they were doing you a favor putting a CD player in.

https://seekingalpha.com/article/4153659-just-say-no-to-tesl...

[vardump]

> I guess it all comes down to how much you believe their margin numbers.

Are you suggesting Tesla commits financial fraud?

[Mistletoe]

https://fortune.com/2023/02/28/elon-musk-tesla-lawsuit-fsd-f...

Among other kinds of fraud, maybe.