Westly: Tesla Can Afford to Trigger a Global Price War

Westly Group Managing Partner and former Tesla Board Member Steve Westly joins Caroline Hyde to discuss why he thinks Tesla has been smart on profitability and why it's important to play the game with China, being the largest market in the world.
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[thiswillnotendwell]

Tesla isn’t starting price war. That’s just the term the media uses for drama. Tesla is just doing what it has always said it would do. Literally in its company mission statement.

[GET]

Steve nails it here. I wish he did more interviews.

[hongjungkim]

He is a smart guy. Nice view on Tesla.

[miaou]

I absolutely agree with him...price cut will leave most of EV and combustion engine companies bankruptcy....the final winder would be Tesla....

[MOBMJ]

now this guy actually makes sense. the only analyst that thinks logically

[tongtran]

Westly is on point with Tesla. This company has the margins to cut prices and continue to take market share. There's no question that the world is transitioning to EVs with Tesla leading the way :)

[orenfurman]

Great talk steve. You know your numbers we can see that. thanks.

[NaughtyGoatFarm]

Elon is smashing it out of the park in all the companies that he is working on. Nobody can come close.

[engchoontan]

Yes they can.!

Some places are simply = not-applicable

[qingyuhu]

Investors have reacted, short term investors sold and I bought some. Meh!

[damianweiss]

Not only is a Tesla leading the change to EVs; Tesla is leading the charge to affordable EVs as well.

[willmac]

V curious to see launch prices in Thailand for iX1 and polestar 4

[Scottiedowawa]

Wasn't this move exactly what Elon had in mind from the start? Totally makes sense to me.

[lidoz]

Tesla is about to release a design upgrade, so it’s also smart to make sure all the old style party’s get sold out asap

[srqTagle]

Killing the competition will increase demand for your services.

[holdmybeer]

It's the right time for squeezing competition's margins. Force them to borrow when the borrowing rates are higher. It will do lasting damage.

[shigai]

The undisclosed gross margin is huge for Tesla. Bad news for all other EVs which are betting solely on American manufacturing

[cya]

When i was studying economics and we played simulation games. To make it short: normally the team with lower prices and high volumes won the simulation. Its not the only way but its a very well possible scenarion in a product like cars.

[txzgmzp]

Is the goal for full ev adoption, or for E.M. and Tesla to have a monopoly? There are billions of ice vehicles, and Tesla can not do it on their own.😂

[MocBocUS]

I would not go back to ICE after driving a tesla for a year