Next thing I learned from Steve Jobs is

Trust me when I tell you that.

So the first one I'd like to parce is the idea of market value.

Then auctions like eBay are another example of dynamic pricing.

Now what's our mantra of this day and age I wonder?

And I think you already get the sense that the lower the

Obviously a 6 Price to Earnings of 20 times 2013 earnings isn't as good as a 6 Price to Earnings of 2010, because earnings in the future aren't worth as much as earnings today.

Some stores discount the price.

What are the challenges in getting value for money as well as value for many?

Price

We cannot rate the picture highly enough.

The value of the yen has risen greatly.

So, the climate changes will be terrible for them.

Not so in Italy.

When the Model T was launched and this is, by the way, all the figures that are adjusted to 2007 dollar prices

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

I mean, you're a computer with arms and legs, and capable of doing all sorts of things.

And finally, American families also pay a price for oil.

So technically I guess prices can be rounded off to the nearest cent.

A man's worth lies in what he is.

It's not about low cost.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

I could actually price on specific customer segments or on features I know they need.

The crude oil price is falling further.

Crude oil has been falling in price.

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

And so the first of these that I will focus on the first is the price of competing products.

For any given price, it's going to lower the quantity demanded.

Let's say a guy invents a better light bulb.

The price of admission.

It is a complement. WRlTING

And at first, maybe in 2008, they all say, you know what, this is temporary, that was just a fire sale price, and these auctions don't really reflect a market reality.

How is she gonna be valuable?

I wonder if it's worth it.

It turns out we made this pretty easy.

It has been made possible, by the way, for certain other different reasons.

The goal of Tesla has always been to have a sort of three step process, where version one was an expensive car at low volume, version two is medium priced and medium volume, and then version three would be low price, high volume.

Alright?

Our price is considerably higher than the current market price.