Tesla Misses Model 3 Delivery Estimates, Cuts U.S. Vehicle Prices

Tesla Misses Model 3 Delivery Estimates, Cuts U.S. Vehicle Prices

Assessment

Interactive Video

Business, Architecture

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses Tesla's delivery of Model 3 vehicles, which fell short of estimates, and the impact of a $2000 price reduction. It highlights the challenges Tesla faces in achieving sustainable demand and production goals, especially with the target of a $35,000 vehicle. The discussion also covers market competition, profitability, and the role of federal tax credits in Tesla's pricing strategy.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the estimated number of Model 3 vehicles Tesla planned to deliver in the fourth quarter?

60,315

63,698

60,369

63,150

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is reaching a $35,000 price point crucial for Tesla?

To increase production speed

To reduce manufacturing costs

To improve vehicle quality

To expand the addressable market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the federal tax credit in Tesla's pricing strategy?

It only affects luxury models

It has no impact on Tesla's pricing

It helps Tesla reduce prices

It allows Tesla to increase prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current average transaction price range for Tesla vehicles?

$70,000 - $100,000

$40,000 - $50,000

$20,000 - $30,000

$100,000 - $150,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge does Tesla face in sustaining demand and production levels?

Lack of manufacturing facilities

Competition with internal combustion vehicles

Limited battery technology

Insufficient marketing strategies