Part 3/11:
Johnson’s main argument centered around Tesla’s production versus sales. He contended that Tesla’s factories are operating inefficiently, with multiple factories, including Shanghai, being shut down or underperforming. According to him, Tesla has been producing more cars than it can sell, leading to mounting inventory issues. He criticized the company's pricing strategies—specifically, price cuts around 15%—which he argued haven’t spurred the expected demand increase. He claimed that despite significant price reductions, Tesla’s delivery growth has been minimal, with only about 4% increase in deliveries against a 15% price cut.