luis carruthers
31.6K posts

luis carruthers
@orthereaboot
I have many leather bound credentials


The media who made such a big deal of the China price cut yesterday (egged on by hedge funds short $TSLA) must be asking hey, what happened? Answer: The price cut is accretive since it means demand secured. With the $TWTR overhang lifting there’s nothing to hold back the stock.



The Tesla price cuts are likely part of the start of a big China EV price war. Industry price cuts will probably intensify after subsidies end Dec. 31 and production keeps ramping up.

WS traders getting this wrong. $TSLA cutting price below the key ¥300K level on M-Y SR (¥299,988) and other TSLA models coming down in tandem. TSLA cut price in China by 5% (1/3 of TSLA volume in 4Q) and gets a 40K increase in 4Q units. Net 4Q EPS effect ~$.05 positive. @elonmusk

I’m starting to realize how much damage that self proclaimed “experts” who specialize in extremely complicated social matters do in society. Everything from marriage to investing to geopolitics. You can be an expert in something physical, mechanical, or something repeatable only.





