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John Tesla Tuck Profile picture
John Tesla Tuck
@John54436259
May 1, 2019 • 10 tweets • 2 min read
1/Musk avoided bankruptcy last summer by selling egregiously overpriced high margin variants to credulous poseurs on the wait list.
Effectively, he cherry-picked the dumbest consumers in California and conned them into paying $60,000 for $25,000 cars.
$TSLA $TSLAQ 2/Unfortunately for Tesla, the supply of people willing to pay $60,000 for $25,000 cars was exhausted very quickly; the backlog evaporated after the low-hanging fruit was plucked and juiced.
He’s trying to repeat the process in Europe and China, but it’s not working
$TSLA $TSLAQ