Tesla's Discounting Better Than Price Cuts, But This Analyst Has A Better Suggestion For Boosting Volume
Portfolio Pulse from Shanthi Rexaline
Tesla offered discounts on new inventory Model S and X vehicles, which account for about 4% of its total volume. Analyst Gary Black suggests that creative education-based advertising would be a better strategy for long-term electric vehicle adoption.
June 19, 2023 | 3:38 am
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Tesla's discounts on Model S and X vehicles may have a limited short-term impact, while creative education-based advertising could drive long-term electric vehicle adoption.
The discounts on Model S and X vehicles account for only 4% of Tesla's total volume, and analyst Gary Black believes that creative education-based advertising would be a better strategy for long-term electric vehicle adoption. This suggests that the impact of the discounts on Tesla's stock price may be limited in the short term, while a shift in marketing strategy could have a more significant long-term impact.
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