Tesla's Price Cuts Signal Major Demand Problems

Tesla Shanghai Gigafactory

Xiaolu Chu

Tesla’s (NASDAQ:TSLA) finish to 2022 was abysmal, with the company shedding $600 billion in market value in 3 months. Many Tesla bulls believe the primary reason for the sell-off is Elon Musk’s acquisition of Twitter (and associated selling of nearly $8 billion

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Data by YCharts

Tesla Backlog

Tesla Backlog (Troy Teslike (Twitter))

Tesla Used Car Values

Tesla Used Car Values (CarGurus as of 1-14-23)

Price Cut Margin Impact

Price Cut Margin Impact (Guggenheim estimates)

EV Industry Battery cost estimates

EV Industry Battery cost estimates (BloombergNEF)

Tesla EU Prices

Tesla EU Prices (Tesla.com)