Elon Musk Puts Demand Concern To Rest: 'Price Really Matters' via insideevs.com
The year 2022 was a record one for Tesla, which noted the highest-ever quarterly revenue, operating income, net income, and electric vehicle deliveries.Q4 and full year 2022 financial results and Q&A webcast, the company's CEO Elon Musk addressed the most common question among investors - demand for electric cars.Top Videos:
"I want to put this concern to rest. So far in January we've seen the strongest orders year-to-date than ever in our history."Tesla's global electric car order backlog was falling quicklyElon Musk said that currently, the number of new orders is almost two times higher than the rate of production. That's outstanding news for the manufacturer. However, it's hard to say whether that will continue in the following months.
Overall, demand is expected to be good - despite that there is a probable contraction in the automotive market as a whole , Musk noted."There is a true pain that a vast number of people want to buy a Tesla car, but can't afford it, and these price changes really make a difference for the average consumer."
Prices might be Tesla's major advantage, as the company successfully lowered electric car costs which initially allowed it to achieve very high operating margins, and now allows it to reduce prices to increase sales volume.See also
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