Reposting from Sunday. We remain $TSLA bulls but there is a risk $TSLA ‘s new $30-$35K car may be a nothing burger if TSLA doesn’t introduce a new form factor to extend TSLA’s franchise into the compact category, which they have targeted for 1H. 

If TSLA just introduces a new smaller M-3 or M-Y with smaller battery and scaled down interior that keeps the product in the existing category, the cannibalization risk  is high and WS analysts will reduce their estimates for TSLA 2025 delivery growth (currently +16%E YoY) and earnings growth (+34%E YoY) accordingly.
#TSLA #TSLA