TruckElectric
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Could be very ugly today
TSLA DOWN PRE-MARKET -30.77
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Ehninger1212
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OP
TruckElectric
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Robinhood traders to the rescue!
Ehninger1212
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Haha Me.
showmemo
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The Telsa location in my city now has Model 3's 'in stock' to order and pickup... I can order a performance and pick it up the next day. Wonder if that will way on earnings or is a sign of slow sales?
Ehninger1212
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This is usually from customers who ordered and decided to back out. My friend got his M3P this way. Supposedly the original customer wanted to order a Model S instead. Tesla has a return policy.
showmemo
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Right, but there have never been 'in stock' vehicles that I'm aware of. An order that was cancelled or rejected, just went to the next pre-order in line... as far as I know. This indicates, maybe because of the virus/employment/economy, that several people cancelled and there aren't others in-line to purchase. Won't affect my CT order/thoughts, but it might affect the stock price short term.
Ehninger1212
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There have been plenty of times that Tesla has had "in stock" vehicles pre-pandemic. They literally have a section for this on there website, for well over a year now ( NEW INVENTORY ) And no an order that was rejected does not just go to the next person in line.. It goes up for sale as a vehicle in stock. I literally just said thats how my friend got his, he was not "in line" at all.
showmemo
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I stand corrected.
Crissa
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And they've always tried to have test-drive units at all the stores, as well.
If someone wants a different configuration, early on they'd have sent them back to have that unit changed... But now they just ship a new unit and send the unwanted unit to resale.
Customers really do prefer to get their hands on product faster, so having it on hand does help increase sales, even if it's a drag on their bottom line by having more stock. Mostly it means their production has exceeded sales.
Eventually they'll probably do what Apple does and make some 'standard' units that are sent out as demos, instant-availability, while most option combinations (especially the costly ones vs the merely expensive high revenue ones) will just be put on the production stack and be shipped directly from the factory.
-Crissa
If someone wants a different configuration, early on they'd have sent them back to have that unit changed... But now they just ship a new unit and send the unwanted unit to resale.
Customers really do prefer to get their hands on product faster, so having it on hand does help increase sales, even if it's a drag on their bottom line by having more stock. Mostly it means their production has exceeded sales.
Eventually they'll probably do what Apple does and make some 'standard' units that are sent out as demos, instant-availability, while most option combinations (especially the costly ones vs the merely expensive high revenue ones) will just be put on the production stack and be shipped directly from the factory.
-Crissa
