This is so weird, did he miscalculate how intense the backlash would be? or he truly doesn't care?
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Which are caused by the retooling of the Model Y production lines which took 3-5 weeks. Y represents 2/3 of the sales globally and all factories where down simultaneously.
Deliveries are back up in China and at current trends, they might achieve ~130,000 sales - just like Q1 2024, even though they had to close down their most production factory lines. China is the first to get back to speed but it says a lot about the "sales dip" which is actually a planned production dip.
Which are caused by the retooling of the Model Y production lines which took 3-5 weeks. Y represents 2/3 of the sales globally and all factories where down simultaneously. They started 2025 with only 12 days of inventory worldwide.
Deliveries are back up in China and at current trends, they might achieve ~130,000 sales - just like Q1 2024, even though they had to close down their most production factory lines. China is the first to get back to speed but it says a lot about the "sales dip" which is actually a planned production dip.
Honestly it's surprising that it's still so high. Compare it to any other car manufacturer and its valuation seems ludicrous. A lot of people are somehow still persuaded that the company is going to have some kind of amazing breakthrough Any Day Now.