Tesla Inc.'s recent price cuts are unlikely to be the last, and they put margins in the spotlight with the EV maker set to report quarterly earnings soon.
Tesla Inc.’s recent price cuts are unlikely to be the last, and they put margins in the spotlight with the electric-vehicle maker set to report quarterly earnings soon.
That’s from analysts at Bernstein and Citi on Monday, commenting on further Tesla price cuts on Friday. Base prices for the Model S and Model X each came down by about $5,000, among other cuts, and Tesla also began offering a cheaper, shorter-range Model Y compact SUV. Chief Executive Elon Musk said in late January that orders were twice Tesla’s production capacity after price cuts in early January, “and yet [first-quarter] deliveries lagged production, pointing to a significant deceleration in orders over the quarter,” Sacconaghi said.“We believe additional price cuts in other geographies are likely. We note that lead times were relatively weak sentiment.”
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