It's becoming increasingly clear Tesla is just another car company
While the discounts in the US expired at the end of December, Tesla continues toTesla appears to be struggling with bloated inventory at a time when the rest of the automotive industry is running lean.industry-wide for the third year in a row at the end of 2022, as industry experts pondered whether the days of year-end blowouts were in the rearview mirror for good.
"This is a fork in the road year for Tesla that will either lay the groundwork for its next chapter of growth or continue its slide from the top of the perch with Musk leading the way downhill," Wedbush analyst Dan Ives wrote in a note earlier this week. Following Tesla's fourth quarter delivery results earlier this week, Deutsche Bank analyst Emmanuel Rosner said he expects price cuts to continue.
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