In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Model 3 with opened doors stands in the showroom.
But there's one thing Black has had on his mind lately: That Tesla is wasting money on price cuts to keep growth rates high.
At the same time, the major price cuts continue as Musk's primary strategy to drum up more interest in Teslas.
Overall, the price cuts over the past year have shaved revenue by much more, Ives estimated.
In effect, Black argues that Tesla price cuts are a de facto marketing expense, saying Tesla's share losses among EVs by Tesla this year suggest price cuts alone aren't working.
Persons:
Gary Black, Tesla, Elon, Musk, didn't, Kevin Paffrath, we'll, they'd, Dan Ives, Black, EVs, Ives, Allen Weiss
Organizations:
Tesla, Getty, CNBC, @TroyTeslike, Netflix, Cox Automotive, Teslas, Tesla's, Newsday
Locations:
Chicago, California, U.S, Tesla's U.S, Smithtown , New York