They love days like this. They have been fear mongering for months. They'll they come out with their Buy! Buy! Buy! routine and say October selling is just superstition. I feel bad for retirees that follow them. It is like they are getting their pockets picked.
Consider their data source, which is not directly referenced. If they are going by registrations the number likely is low. Car registrations are delayed in states that have direct sales restrictions. Tesla has the cash, signed sales docs and transfer docs but it is up to the owner to register it. With a last minute push like we saw the US numbers are likely higher.
Housing is a mess. I wouldn't touch it. Very overbuilt in boomtowns. Ripping down nice neighborhood bungalow homes and putting in high rise condos or skinny houses on tiny lots for a decade. Prices too high. Condos converted to apartments. HOA and maintenance fees unpredictable and prohibitive. Now those boomtowns are moving jobs to lower income states. Lower margins. Add in baby boomers moving out, cant afford to stay in their home due to taxes and increasing medical bills. Merchant middle class vaporizing. Couldn't keep the store open with the developers coming in, buying, raising lease price to run out the business in order to create a tear down. Middle Class was either bought out or they have gone under. Doctors can't afford the nice house on the lake anymore. May as well travel. Most 30 somethings don't value home ownership because they need flexibility. It is like IBM aka I've Been Moved. They value ownership of more mobile objects that they can take with them.
I'd be uncomfortable too. Manufacturing capacity has finally increased. Wait times will shorten and spur more orders. A wait of more than a couple months makes buyers sit back. More cars will be seen in more areas now. I expected this move too, but now vigilant for a reversal.
What happened to the 1970's zero population growth campaign?
Not enough soldiers?
They are considered as unsold inventory in transit to the owner. The sale is not counted until the title is changed so they will show up in the following quarter. There are some orphan cars that are made available as "inventory cars" for immediate purchase due to financing failures and they are snapped up quickly. Loaners tend to be loaded so owners can try out new options in hopes of getting owners to upgrade. Loaners are usually done in batches when they run out of the last batch of loaners. Expect the number of in transit vehicles to increase.
I don't think you'll see much happening until after the next earnings call. Mostly portfolio rebalancing for now I think. Long term gains locked in here and there.
He is a guy that talks out of both sides of his mouth. He has a perma-smirk on his face for that reason.
Elon gave it away. He didn't have time for it. Private groups are working on it as speculative projects.
I had two of their plans over the past year (primary and secondary)and it is the worst insurance I ever had to deal with. Poor service. The right hand doesn't know what the left hand is doing. Multiple doctor visits just to get permission to go to a doctor who has been managing a case for years. Doctors are not wanting to work with them. Just a heads up. They waste money like crazy and try to make up for it by denying claims, meds and making robo calls.
I think the audience is thos that resent having to resign to using mini vans because there are not many sporty alternatives. What sweet young thing wants to forced into a minivan just because she had kids?