Tesla is cutting prices as other EV automakers charge a premium | Boing Boing

TL;DR

Even after slashing prices and offering discounts for the first time, Tesla could not meet its sales targets and now has excess inventory.Other automakers, like Ford, are raising prices and are unable to meet customer demand.Even though buyers of the cars refuse to pay a premium, TSLA shareholders still are.Tesla had told investors to expect 50 percent growth year on year for deliveries, and as a result, the company's share price—which lost more than 70 percent of its value during 2022—dropped even further when trading began and is already down more than 8 percent as of press time.The failure to meet the delivery target happened even after Tesla heavily discounted its EVs at a time when most other EVs are sold out and often subject to dealer markups."

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