243 seemed like a bad deal for Tesla. No more.
There is cash in the bank. An order book full of 3s. About a thousand more new owners every day. Yeah the share price is a drag on demand, thanks to the FUD. But If they deliver 80-85k and make 90k, all will be good. The cashflow will be positive and puts elons cash burn story to bed.
The pivot from fat gross margin to all monies going to AP development was unexpected. We can blame shorts all day, but this change in strategy felt abrupt and some longs didn't want that ride.
Of course this is the right path for the long term. When the cost curve bends little more and Tesla scales up, it will be untouchable.