Elon strikes again.

This time, right at the heart of the consumers who loved and adored his products.

Apparently, Tesla slashed its car prices again.

It aims to be more competitive with other rising brands and be more appealing to new adopters of EV.

Or put in another way, he overdelivered.

He finally made more cars than was demanded.

Success sure has a bitter way of thanking you.

So in order to get rid of excess inventory, slashing prices to sell the Teslas faster is a strategy.

But for the users who just bought a Tesla, its not cool.

They lost a large chunk of the value instantly.

In some countries, its up to 17%.

Ouch, that means you would have save thousands of dollars just by waiting for a bit.

Honestly, its not unreasonable on either side.

The users have the right be angsty.

They just bought a product and now its value went down by a significant chunk.

Tesla have the right to adjust its prices to stay competitive.

If they don’t, they might go out of business and that is beneficial to no one.

When the announcements were made, what was fascinating is how different users in different countries reacted.

In the west, you have people bitching and complaining on social media.

Not terribly much to be honest.

In China, you have Chinese users storming the Tesla centers and making a huge scene.

For days!

Interestingly, physical protests are the way of the Chinese.

“It’s more about the political culture because they don’t have the opportunity to express their own decisions on so many different fronts,” said Angela Y. Lee, a marketing professor and consumer psychologist at Northwestern University’s Kellogg School of Management whose research has included consumer behavior in China.

“It’s in consumption where they can really come together with a collective voice, which gives them a sense of identity and a sense of power.”

Hmm.

Make sense.

Think about it.

They don’t have a buffet of social media like the westerners to complain and spread the word about.

They have a strict government who censors and punishes.

They have a rather conservative culture that is more cohesive and opposes outright confrontations.

So yea, all they can do, is gather with their fellow comrades and stage physical protests to demand answers on the spot.

Its not ideal but it does get the intended effect.

Tesla has to respond in a way that can appease the consumers.

China has a massive automobile market that any sizable automaker cannot ignore.

They spent years courting consumers and building the inroads brick by brick.

Losing consumer trust and have a sour reputation will harm Tesla irreparably in the long run.

Perhaps a rebate or free charging or even a personal visit from Elon, the Dogefather himself, might calm them down?

-

Would you join a protest?

-

#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sayno #ccompetitive #protest #tesla #elonmusk #cars #electric #dissent

Elon strikes again.

This time, right at the heart of the consumers who loved and adored his products.

Apparently, Tesla slashed its car prices again.

It aims to be more competitive with other rising brands and be more appealing to new adopters of EV.

Or put in another way, he overdelivered.

He finally made more cars than was demanded.

Success sure has a bitter way of thanking you.

So in order to get rid of excess inventory, slashing prices to sell the Teslas faster is a strategy.

But for the users who just bought a Tesla, its not cool.

They lost a large chunk of the value instantly.

In some countries, its up to 17%.

Ouch, that means you would have save thousands of dollars just by waiting for a bit.

Honestly, its not unreasonable on either side.

The users have the right be angsty.

They just bought a product and now its value went down by a significant chunk.

Tesla have the right to adjust its prices to stay competitive.

If they don’t, they might go out of business and that is beneficial to no one.

When the announcements were made, what was fascinating is how different users in different countries reacted.

In the west, you have people bitching and complaining on social media.

Not terribly much to be honest.

In China, you have Chinese users storming the Tesla centers and making a huge scene.

For days!

Interestingly, physical protests are the way of the Chinese.

“It’s more about the political culture because they don’t have the opportunity to express their own decisions on so many different fronts,” said Angela Y. Lee, a marketing professor and consumer psychologist at Northwestern University’s Kellogg School of Management whose research has included consumer behavior in China.

“It’s in consumption where they can really come together with a collective voice, which gives them a sense of identity and a sense of power.”

Hmm.

Make sense.

Think about it.

They don’t have a buffet of social media like the westerners to complain and spread the word about.

They have a strict government who censors and punishes.

They have a rather conservative culture that is more cohesive and opposes outright confrontations.

So yea, all they can do, is gather with their fellow comrades and stage physical protests to demand answers on the spot.

Its not ideal but it does get the intended effect.

Tesla has to respond in a way that can appease the consumers.

China has a massive automobile market that any sizable automaker cannot ignore.

They spent years courting consumers and building the inroads brick by brick.

Losing consumer trust and have a sour reputation will harm Tesla irreparably in the long run.

Perhaps a rebate or free charging or even a personal visit from Elon, the Dogefather himself, might calm them down?

-

Would you join a protest?

-

#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sayno #ccompetitive #protest #tesla #elonmusk #cars #electric #dissent