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Title : TSLA Shares Continue Their Slide -- Marhc 4, 2019
link : TSLA Shares Continue Their Slide -- Marhc 4, 2019

TSLA Shares Continue Their Slide -- Marhc 4, 2019

Three observations:
over the past few months, Tesla has brought down their prices significantly (citing any number of reasons)

• Tesla announced that it is bringing to market the low-margin $35,000 Tesla Model 3
• Musk Melon announces that Tesla will close its showrooms; folks will get a chance to test drive a Tesla after they buy it 
• TSLA shares fell below $300/share on Friday, after the announcement, and are down another $5/share in early morning trading today, now trading below $290 (still a huge gain for those who bought TSLA shares prior to December, 2016

EV sales are tracked here. Sales:

• February, 2019, all EV sales in the US: 16,669
• February, 2018, all EV sales in the US: 16,845
• February, 2017, all EV sales in the US: 12,375

However, vehicle sales across the board plummeted in February, 2019. The longest "partial" government shutdown in US history was the 35-day shutdown that ended in late January. Pent-up demand for auto sales should have had a positive result in February. Three headlines:

• US vehicle sales in February fell, and demand was even weak for SUVs -- Autoblog
• US vehicle sales freeze in February; Fiat viability questioned -- Forbes
• US auto sales hit massive speed bum. Yes, even Jeep Wrangle sales fell -- Fortune

Market:

• GM: up slightly today, at around $40/share
• F: up about 1.6%, around $9/share

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