Bentley CEO says sales are down because the rich are experiencing ‘emotional sensitivity’ due to the cost of living and don’t want to flaunt their wealth with a new luxury car
skyspydude1 @ skyspydude1 @lemmy.world Posts 1Comments 250Joined 2 yr. ago
skyspydude1 @ skyspydude1 @lemmy.world
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Well, firstly, comparing a Tesla and a Bentley is like saying that a hotdog cart sold more hotdogs than a Michelin Star restaurant sold filet mignons. They're just not even remotely comparable, because your average Tesla (Model 3/Y) sells for about 1/5th of what a typical Bentley costs, and with tax credits and all the "end of month incentives" they keep rolling out, a Model 3 can cost less than a Camry in many cases. They have the Model S, but even then, even a loaded Model S just barely touches the cheapest entry level Bentley price range.
Secondly, Teslas haven't been selling like "hotcakes" for close to 2 years now. They've had to massively slash prices non-stop to keep sales up, and even then that hasn't really been working. They're having to cut production, have been building up inventory, and they're still seeing sales stagnating and falling revenue.