Tesla's price cuts projected to help boost volume growth to 53% this year
recent price cuts to its vehicles will bring higher sales volume growth in 2023, according to Bank of America. ranging from 6% to 20% for the Model 3 sedan and Model Y SUV will dig into margins, the move could result in a 53% increase in volume this year.
"This pushes revenue to $100bn in 2023, up 18% from our prior model," strategists wrote."Based on the adverse impact of price cuts offset by an average incremental margin on the increase in sales that we estimate at 30%, our earnings estimates move moderately lower in 2023 and our price objective is now $130 ."
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