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TSLA call just ended.
The stock is now down almost 4.3 %, compared to flat at the start of the call.
There was no single trigger for the sell off. It was a steady decline throughout the call.
Some factors that may have played a part:
1. No clear metrics about what to expect this quarter from Austin.
2. Comments that they will need to fund autonomy from the balance sheet until it reaches scale raise questions about what profits will look like over the next year.
3. The reveal that the new more affordable model will look just like the Model Y raises concerns about potential cannibalization.
I'll review the transcript and be back with more. $TSLA
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