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-4.72360525979182E-05 -0.000223413762287735 0.00143623132899287 0.00242563513341008 0.00424486148346751 0.00064470828545895 0.00405336397293514 0.00411719647644587
Stock impact report

Why Are All Those Tesla Cars Baking In The Sun? [Seeking Alpha]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Seeking Alpha
Summary Tesla says Model 3 demand is strong. But the newly-formed Shorty Air Force has uncovered thousands of Model 3s baking in dusty lots. What’s the real story? I offer some clues, but don’t pretend to have solved the puzzle. Here’s a puzzle. I don’t pretend to have the solution. Tesla’s ( TSLA ) grand plan was to avoid hitting the magic 200,000 federal income tax credit limit in Q2. To that end, Tesla would stockpile cars near the end of Q2 so it could unleash them in Q3, as every car it delivers in the U.S. in Q3 and Q4 will qualify for the full credit. Tesla evidently executed the first part of the plan, stopping just short of the 200,000 number as June ended, reporting more than 11,000 Model 3 cars in transit. That sounded promising. We have endlessly heard about the overwhelming demand for the Model 3. Surely buyers were lined up to pay for the cars. But there were some odd facts. First, on June 26, Tesla opened up configurations and orders to all N Show less Read more
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