Know The Difference Minute

Did you ever think you’d see a price drop on a Tesla? It’s happening. 

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The 4-minute rocket ride.
Welcome to the Know the Difference Minute for Thursday, April 20th.
Tough week for Elon Musk. Latest earnings have Tesla’s operating margin shrinking to 11.4% in the first quarter, the lowest in two years.
Did you ever think you’d see a price drop on a Tesla? It’s happening. In fact, there have been several rounds including almost 30% on the Model Y.
Tesla’s CFO says lower margins are fine. It goes with their push for higher volumes and a larger fleet. They still project production of 1.8 million vehicles this year. Early market reaction wasn’t great as the stock dipped. Still, as of yesterday’s market close, shares were up 47% year-to-date.
Then there’s SpaceX. Today’s Starship heavy rocket launch went well until it didn’t. At about 4-minutes, it blew up. In pure PR spin, it was labeled as a rapid unscheduled disassembly.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.