Tesla Cuts Prices Again and Goldman Says Apple a Buy
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 6 March 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bloomberg's Ed Ludlow breaks down why Tesla is cutting the cost of its more expensive models for the second time this year. Plus, why Goldman Sachs is saying it's time to jump in on the iPhone maker -- after missing out on a 300% advance.
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's Bloomberg Live.com slash sustainable Biz Singapore. Oh, I'm Ed Ludlow in San Francisco. This is Bloomberg Technology. |
| 0:48.5 | Coming up, Tesla cuts prices again, the electric vehicle maker reducing the costs of more expensive models for the second time this year will bring you the details. |
| 0:57.5 | Plus, time to buy Apple after sitting on the sidelines for the last six years Goldman Sachs says it is time to jump |
| 1:04.6 | in on the iPhone maker despite missing out on a 300% advance we'll discuss and |
| 1:10.1 | the push to ban Tik-Tock Senator Mark Warner plans to introduce a bill this week |
| 1:15.5 | to allow the US to systematically ban Chinese technology. |
| 1:19.4 | That's including services like the social media giant. |
| 1:22.3 | All that and so much more coming up. |
| 1:24.4 | But first Tesla down two percentage points after cutting prices here in the US on |
| 1:29.2 | Model S and Model X including the plaid varietals over the weekend for more. |
| 1:34.4 | Let's bring in Bloomberg's Dana Hole who is reporting. |
| 1:37.4 | Where are the price cuts and what do we know about them in the last 24 hours? |
| 1:41.6 | So Tesla cut the prices last night, they changed the website, |
| 1:45.0 | and the model S is now roughly $5,000 cheaper |
| 1:48.0 | across both models, and the X is almost $10,000 cheaper. |
| 1:52.0 | Interestingly, now the plaid is the exact same for both the S and the X and I think |
| 1:56.7 | what's significant is that we've seen Tesla tweak prices quite a bit. This is kind of a significant change to come in March. |
| 2:03.1 | We have roughly three and a half four weeks left in the quarter. |
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