Comment by layout
19 hours ago
> expectations were tepid to begin with
Tesla projected selling 250k of these a year or $15-20b in revenue per year (20%+ of vehicle revenue for Tesla). This is a big number and would’ve added significant total vehicle sales. Instead, they’ve sold less than 70,000 total trucks over its production history. That’s why it’s a rounding error.
This is an absolute disaster and failure by any rational analysis. Its failure helped puncture “Tesla sales will continue to increase” and stock price justification storyline.
No comments yet
Contribute on Hacker News ↗