Tesla's Price Hike Causes Confusion Among Fund Managers: Are They Misreading the Signals?

Quick Summary:

While painting a gloomy picture for Tesla in the near term, he expressed confidence in the outyears.“The big picture remains unchanged: With interest rates remaining high, demand and margins will be muted in 2024.Good news ...

Deepwater Asset Management’s Gene Munster said in a post on Wednesday that he received a mailer from Tesla regarding the modest discounts on the Model S, X and Y vehicles in a quarter-end push and the $1,000 hike for Model Y, effective April 1.

This has apparently left the tech venture capitalist confounded.“Over the past year there have been so many price adjustments it's hard to read between the lines what a $1k end-of-month discount followed by a $1k price increase means for demand and margins,” he said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United StatesChina

Topics: Gene Munster Expert Ideas Ross Gerber US88160R1014 Equities Tech Stories That Matter Analyst Color Mobility Benzinga News TSLA Electric vehicles Top Stories

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-20 @ 14:43:12 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20480886

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 17 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions