Part 4/7:
The third year presented unexpected challenges. Despite initially optimistic projections, the Model 3 became unprofitable, resulting in a loss of over $1,000 due to diminished bookings and high registration costs. However, strategic refinements, such as refinancing the Model Y to lower payments by $180 monthly, helped stabilize finances. The Model Y’s earnings continued to bolster the overall net profit, which amounted to around $3,000 by the end of the year. It was a learning experience that reinforced the need for careful financial management and adaptability in pricing strategies.