I don’t understand why Tesla needs to rush deliveries at the end of every quarter/year. If they need to provide incentives to meet the expectations they’ve set then the market should realize that and price it in, exactly like this, so what’s the point?
Honestly you’ve hit on one of the dumb things about equity markets. In theory, markets shouldn’t care about lumpy numbers since you can always borrow to smooth out your returns. In practice, dips and spikes see unwarranted reactions every time so firms will smooth out any figure they can, including dividends.
Markets can't realize anything, they have no sentience. The stock market is a graph of rich people's feelings, always has been. It reacts to rumors, sentiments and data, not reason.
