I think buybacks should be almost completely prohibited.) View all comments (If they do run a buyback I'm taking the gain and investing somewhere else. As a TSLA holder, I am glad they rolled the cash into future capacity rather than a quick profit grab. Which, thankfully, they have spent on building manufacturing capacity rather than dividends and stock buybacks. In the meantime they've raked in a huge pile of cash. Meaning the overall margin is probably about what it was when I bought mine. Some of the stuff going into it costs more now, but I bought about 2 months into the production run so surely they are more efficient now. exactly what I paid for it 2 and a half years ago when I bought mine. I don't even think of it as a price cut, but as the end of the price gouging. That usually doesn’t happen until much later in a quarter. As for new custom orders, Tesla will likely run out of build slots for the North American market in the next few days. The inventory is decreasing at a record rate in several key US markets. Tesla saw similar action in China after price cuts there. One source familiar with Tesla’s sales said that the company is experiencing “unprecedented demand” in North America following the price cuts. Sources familiar with the matter told Electrek that many Tesla stores in North America had reached their new record for sales in a single week. The automaker tried to claim that the price cuts were due to a “partial normalization of the cost inflation ,” but most industry experts agree that Tesla needed the price cuts to create demand.Ī week later, Electrek can confirm that the price cuts are working in doing just that. Last week, Tesla implemented massive price cuts of up to $13,000 on Model 3 and Model Y vehicles in the US. Many stores are hitting new records and inventories are dwindling. Tesla (TSLA) is currently experiencing “unprecedented demand” in the US following the significant price cuts that happened last week.
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