Analyst: "It doesn't matter. @elonmusk will pump the event & give grandiose projections of exponential demand. He may even hire flash mobs."
Me: "Really? Sounds like a selling opportunity".
#1: If the Chinese have had 6 months already to buy the imported M3 at $51K & $TSLA only sold 3.4K/month on avg, how can they sell more w/out lowering the price drastically?
#2) ~60% of parts will be sourced from Fremont. Every 1% change in the USD/CNY will impact gross margin by 100bps. China's CNY is arguably overvalued. $TSLA analysts have never had to factor in currency risks, as 64% of sales are in the US.
#3) Many Chinese started swapping in their iPhones for Huawei smart phones once Huawei made phones comparable in quality to the iPhone. The Chinese will do the same once either BYD, BAIC, NIO, etc. come out w/ their own "up-to-snuff" EVs.