Investors are hoping Tesla’s (TSLA) price-cutting ways have run their course for 2023.
“Based on the statement that [Elon Musk] made on the fourth quarter earnings call, saying that his demand is 2x his supply, you’d be silly to cut price,” BofA analyst John Murphy on Yahoo Finance Live (video above). “You would just be eating into your profitability and not achieving any more incremental volume in the near term.”
Earlier this month, Tesla cut the Model 3 base version by $3,000 to $43,990. The…
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