"Tesla's profit margins, probably the metric most closely tracked by Wall Street analysts, narrowed to 17.6% in the fourth quarter of 2023. That compares with a 23.8% margin over the same period in 2022 and analysts' estimates of around 18.3%.
The group also warned that 2024 vehicle-delivery growth rates would be "notably lower" than 2023 levels.
Reports Monday, meanwhile, suggest Tesla is issuing a temporary price cut of some of its Model Y cars in the U.S., echoing similar moves in China ahead of that country's Lunar New Year holiday."
What does all this mean to existing Tesla owners? Well, if you thought Tesla Service had become absolutely abysmal already, you haven't see anything yet! They were just warming up!
The group also warned that 2024 vehicle-delivery growth rates would be "notably lower" than 2023 levels.
Reports Monday, meanwhile, suggest Tesla is issuing a temporary price cut of some of its Model Y cars in the U.S., echoing similar moves in China ahead of that country's Lunar New Year holiday."
What does all this mean to existing Tesla owners? Well, if you thought Tesla Service had become absolutely abysmal already, you haven't see anything yet! They were just warming up!
