Quote:
Originally Posted by RedDevil
This is not the base model yet. It is an in between model.
Many who signed up for the base model won't take the top range model but might be lured to buy this one instead. Better range than base and available at short notice.
Yes, Tesla is under water but moving in the right direction now.
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I know it isn't the base model. That is the problem. In 2016, Musk promised a $35K Model 3 for delivery in 2017. If he delivers to his latest schedule he will be 2 years late and most customers won't get the tax credit. Yes, it is a bait and switch to convince people to buy a more expensive model under the threat of losing the tax credit if they wait. Yes, he is trying to pull sales forward. None of that helps long term sales / profitability.
No, Tesla isn't moving in the right direction (financially). Their debt liabilities increased more than the paper profit he is showing. Musk can't continue to use accounting tricks quarter after quarter.