So where are we again in the $TSLA European Q3 delivery cycle?
Why, we are at the point where "in transit" inventory has become local, but not all those local cars have been matched to order yet. So close to end of quarter...
Time to get out the *** DISCOUNTS !!! ***
These M3 LR for Swiss market are now labeled as "demonstration model" even though they have no miles on them.
The LR MIC was already 2000 CHF cheaper due to Chinese battery and slightly lower range.
Now the discount is almost 4000 CHF or over 7%!
Another approach is to sell real demo models, or test drive cars, with some miles on them, at discount.
That is what is happening in UK right now:
Discount is about 7% for LR, 5% for P models, all produced in Q2.
Don't get too excited you $TSLAQ folks, this is what has happened last 3 quarters too, and if anything this quarter is not so bad.
Still looks like they essentially sold out, and $TSLA knows exactly what discount to apply to move the rest.
Price elasticity and what not.
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Elon tweets about FSD not simply to pump the stock.
Seems like with all those recent price cuts, FSD makes the difference between selling 2020 inventory at a profit of a loss, both in case of new or used car.
Let's look at just one particular *used* VIN in 🇨🇭 :
There are still 17 used M3 on offer in 🇨🇭, and 6 of them are loaded with FSD. In early February that FSD option was basically valued at zero.
At same time only 2 new inventory car had FSD option, see earlier tweet
Dear $TSLAQ please take your eyes off the stock price and back onto the one single item that matters rn:
CASH ON HAND!
Even if we have no direct reading we can infer qualitatively from the delivery report, current inventory levels and regional disparities in that inventory.
As @fly4dat has extensively reported, EU Q2 deliveries were weak.
China +/- as expected.
US stronger than even @TroyTeslike expected but then @Paul91701736 gives us proof of inventory in US.
As I reported before $TSLA dropped prices on used cars in its inventory to liquidate by EOQ. Needed that cash!
Today, between D, FR and CH, $TSLA lists a total of *7* available cars, all of them used. That is nothing. No new models, only used cars.
🔹BAFIN role will be kept hidden while
🔹Eichelmann will take credit for forcing change,
🔹acting as supervisor of MB, much like Robyn Denholm is supposed to supervise @elonmusk