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Tesla Stock in Freefall After Disastrous Earnings Report (finance.yahoo.com)
submitted 2 days ago by to c/technology@lemmy.world
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[–] 6 points 2 days ago (1 child)

Targeting 20 percent of the population isn't the type of business model that puts your stock this far above all the established automakers though. The correction on the junk stock can't come soon enough.

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  • [–] 4 points 2 days ago

    I want you to be right, but I'm more skeptical. I see all over the place companies explicitly targeting a profitable subset: the biggest suckers of the available suckers. Higher margin, fewer whiny customers. Bonus points if it creates a cult-like fanbase (a lot of big brands manage to cultivate this).

    Saw a story where a company explicitly had a strategy of "increase prices by 10x, and it may scare off 90% of customers, but the 10% left will be a wonderful gold mine". Particularly shortages in the tech industry swayed a lot of folks that advocated for high-volume, low-margin to low-volume, high-margin.

    So if 20% are ride-or-die for Tesla and Musk, then it might be a decent enough move to double down on those 20%.

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