Re:Tesla Shares Fall as It Fails to Make It into S&P 500 Index
by reitzensteinm on Tuesday September 08, 2020 @11:05AM
(#24409124)
I believe Tesla is facing real competition in Europe now, and it's a lot of fun to watch versus the (not undeserved) US Tesla monoculture.
But you can't use Model 3 sales in Q2 or Q3 (as of yet) to show how well or poorly Tesla is doing. They batch produce their EU cars, and the shutdown meant they essentially skipped Model 3 deliveries in Q2, and Q3 is only beginning to spool up.
It's possible the Model 3 will lose its EU crown to the ID.3, but sales will once more be strong.
But you can't use Model 3 sales in Q2 or Q3 (as of yet) to show how well or poorly Tesla is doing. They batch produce their EU cars, and the shutdown meant they essentially skipped Model 3 deliveries in Q2, and Q3 is only beginning to spool up.
It's possible the Model 3 will lose its EU crown to the ID.3, but sales will once more be strong.