Tesla Motors, Inc. (NASDAQ:TSLA) - Tesla Model 3 Demand Spikes In Japan Following 25% Price Slash
(Pricing on the Performance Model 3 remains unchanged.) For readers unfamiliar, the law of demand states if a firm raises prices on a given good or service, the demand for said good or service shrinks. Meanwhile, all else equal if prices decrease, the quantity of a good thereby increases. In other words, price and quantity demanded have an inverse relationship. All this being said, a report from Teslarati highlighted Model 3 delivery estimates in Japan have been pushed back to three to four months, a staggering increase in expected wait time from the prior six- to eight-week window. This d...
Source: benzinga.com