Tesla's Q1 Deliveries: A Mixed Bag
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Teslas Q1 delivery numbers, set to be released this Thursday, are expected to show a 9% increase from last year, totaling 364,645 vehicles worldwide. However, this is only a slight improvement from the previous quarter, which was impacted by the Model Y production switchover. Teslas own projection aligns with the Wall Street estimates of 364,645 vehicles. In the US, sales have declined since the loss of the federal EV tax credit, dropping from 497,000 in Q3 to 488,000 in Q4. Europe has seen a downturn due to Musks backlash and increased competition from Volkswagen and BYD, but sales rebounded in February. Asias local makers are intensifying competition by reducing prices on cars that match Teslas specs. Despite two consecutive years of falling deliveries, from a peak of 1.81 million in 2023 to 1.64 million last year, experts predict a slight rebound to 1.69 million this year. Despite a 20% dip in stock price early on, Teslas stock has risen by 35% over the past year, driven by investor optimism for robotaxis, self-driving tech, and Optimus bots.
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