Tesla’s Q1 2023 Delivery Numbers Are Not Great Under The Surface
Similar-size price cuts were announced in other international markets. Price elasticity determines how much demand goes up when prices go down. Tesla went down in price between 6% and 20% in the US. Sales grew 4%.An example of positive price elasticity: price goes down 10%, sales increase 15% .price plasticity, where sales did not go up enough to offset the drop in price. Let’s see what happens when prices go down 10% and sales increase 4%.
Tesla’s growth rate year over year is good. I appreciate more people owning an EV, which is better for all of us. Here are some Chinese competitors and their year-over-year growth.
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