ST Alpha - "As a counterpoint to all the Tesla doom, the Model Y was the best selling car in the world for 2023." (Reading a Post)

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As a counterpoint to all the Tesla doom, the Model Y was the best selling car in the world for 2023.

Posted by TWuG Jan 26 '24, 14:32

Everyone who has ever bet against Tesla has been wrong. There is zero indication in the Q4 and full 2023 reports that Tesla is hurting or in danger.

https://insideevs.com/news/706169/tesla-model-y-best-selling-car-2023/ (insideevs.com)

Responses:

according to the trainwreck earnings call mainly because they slashed the margins to the bone to move the product - hollywood big shot Jan 26, 14:38 5
- Not cause it has doors that go like "this"? -- nm - JD Jan 26, 14:56 2
  - Wait does it have those doors? -- nm - amandaphone Jan 26, 15:26 1
    - Actually, no. It was announced as having them like the X but production wise, it just has traditional rear doors -- nm - JD Jan 26, 15:37
- Margins were 9.2% for 2023 and profits up nearly 20%. - TWuG Jan 26, 14:45
- I mean, ultimately good, as it's driving down the price for all EVs - Reagen Jan 26, 14:41
I thought I read that they cut the price to drive sales which would explain the sales bump. -- nm - Krusty Jan 26, 14:38 2
- Because their margins were large enough to allow it. You want a company to have that flexibility. - TWuG Jan 26, 14:49 1
  - That's great and hopefully more and more people will get in an EV than an ICE car. -- nm - Krusty Jan 26, 15:01
to be honest, I dont believe that. but cool, an EV is winning things, that is awesome. -- nm - tRuMaN Jan 26, 14:36

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