12-15-2022, 10:19 PM
Today Barron's dropped its 12 month target price from $325 to $225, and moves like this often go with "we're just hoping it doesnt get worse" thinking.
They cited possible production curtailment, price cuts and incentives...negative pressure on short term company revenue.
Various polls have shown that people who lean left politically are far less likely to buy a Tesla now that Musk has revealed his hard right sentimemts.
If you look at a potential Tesla customer, isn't it more likely an environmentally conscious, well-educated person with money?
And brand image is very important when you drop that much on a luxury car. Tesla's brand cannot be separated from Elon Musk at least short term.
Maybe lots of right leaning people will line up to buy these cars, but that seems unlikely to me. I think he killed a number of his golden geese, at a time the company faces safety lawsuits and recalls.
They cited possible production curtailment, price cuts and incentives...negative pressure on short term company revenue.
Various polls have shown that people who lean left politically are far less likely to buy a Tesla now that Musk has revealed his hard right sentimemts.
If you look at a potential Tesla customer, isn't it more likely an environmentally conscious, well-educated person with money?
And brand image is very important when you drop that much on a luxury car. Tesla's brand cannot be separated from Elon Musk at least short term.
Maybe lots of right leaning people will line up to buy these cars, but that seems unlikely to me. I think he killed a number of his golden geese, at a time the company faces safety lawsuits and recalls.