Sandy Munro Says Tesla Isn't a Car Company, It's a Cult

The video discusses Tesla's achievement of selling a $35,000 Model 3 and the resulting investor concerns due to store closures and profitability issues. It highlights the challenges of producing the car at this price and Tesla's unconventional strategy of selling cars online. The discussion also covers Tesla's unique business model, which attracts a cult-like following, and the market uncertainty it creates for investors.

What was a major concern for investors after Tesla announced the $35,000 Model 3?

• Tesla's decision to increase the number of stores.

• Tesla's decision to close many stores.

• The car's design was outdated.

• The car's color options were limited.

What challenge did Elon Musk mention about producing the $35,000 Model 3?

• It was cheaper to produce than expected.

• It was impossible to produce at this price.

• It was excruciatingly difficult to produce at this price.

• It was easy to produce at this price.

What unconventional strategy is Tesla using to sell cars?

• Selling cars door-to-door.

• Selling cars only through dealerships.

• Selling cars exclusively online.

• Selling cars through auctions.

How might Tesla's online sales strategy impact the auto industry?

• It could make the industry more dependent on dealer networks.

• It could dramatically remake the industry by reducing reliance on dealer networks.

• It could increase the number of test drives required.

• It could lead to fewer cars being sold.

What is a unique aspect of Tesla's business model according to the discussion?

• Tesla only sells luxury cars.

• Tesla has a cult-like following.

• Tesla relies heavily on traditional marketing.

• Tesla does not use any technology in its cars.

What is a potential risk for investors due to Tesla's business model?

• Predictability and stability.

• Lack of competition.

• Instability and unpredictability.

• Guaranteed high returns.

What is a concern about the size of Tesla's following?

• It is decreasing rapidly.

• It is too small to impact sales.

• It is unknown how large the following truly is.

• It is too large to manage effectively.