Tesla: End Of Customer Referral Program Weakens Bull Case [Seeking Alpha]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Seeking Alpha
Tesla: End Of Customer Referral Program Weakens Bull Case Summary Tesla bulls love to proclaim that the company does not pay (and never has paid) for advertising, implying that Tesla is not "demand-constrained". This claim is demonstrably false. Tesla CEO Elon Musk recently stated that Tesla's customer referral program (essentially a paid advertising campaign) will cease on February 1st due to budget constraints. Will demand for Tesla's EVs and solar products weaken when the company's proselytizers cease being compensated? One of the key planks in the Tesla (NASDAQ: TSLA analysts' current price targets approximately 6X to 10X forward earnings 45X for Tesla traditionally have been wildly optimistic regarding the company Bull Case - Tesla Pays Nothing To Advertise To "prove" that Tesla is not demand-constrained, bulls claim that the company does not rely on advertising. Thus, the theory goes that if they don't even need to advertise, Tesla is only just beginning to tap the latent demand
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News
- India 'confident' new EV policy measures will allow more foreign players to enter market [MSNBC.com]MSNBC.com
- Tesla that fatally hit Washington motorcyclist may have been in autopilot; driver arrested [USA TODAY]USA TODAY
- Cathie Wood makes almost $100 million on battered tech stock [Yahoo! Finance]Yahoo! Finance
- Billionaire investor Ron Baron says Tesla stock has bottomed out and will 'go up huge' on the promise of more affordable vehicles [Yahoo! Finance]Yahoo! Finance
- Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep losing value and can't sell them fast enough [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website