Elon Musk Responds To Survey On Split Demand For Tesla EVs In US: 'Affordability Is The Limiting Factor'
Portfolio Pulse from Anan Ashraf
Tesla Inc's CEO, Elon Musk, has stated that affordability is the limiting factor for people in the US buying Tesla vehicles, not a lack of interest. This was in response to a survey showing that half of America wants a Tesla. The survey, conducted by Autotrader, also showed that Tesla is the most popular brand in America and in 38 other countries worldwide. Musk has hinted that Tesla may further cut prices depending on market conditions and interest rates.
July 26, 2023 | 3:07 am
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Tesla's sales in the US are limited by affordability, not lack of interest. The company may cut prices depending on market conditions and interest rates, which could potentially increase sales and positively impact the stock price.
The news directly pertains to Tesla and its sales strategy. If Tesla reduces prices, it could potentially increase sales, which would likely have a positive impact on the stock price. However, the extent of this impact would depend on how much prices are reduced and how this affects Tesla's profit margins.
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