Tesla is on the brink of reporting its Q1 2024 delivery numbers, amidst expectations of missing the analyst-compiled consensus of 443,000 units, potentially marking its first year-over-year decline since Q2 2020, with estimates showing 409K deliveries compared to 423K the previous year. This anticipated shortfall occurs despite Tesla implementing 15-20% price cuts, offering a $7,500 EV credit, and the cachet of new models. Meanwhile, Tesla's stock has plummeted, losing over $200 billion in value since January 1, due to poor guidance, a challenging sales environment in China, and Elon Musk-related controversies. In contrast, Chinese EV manufacturers are experiencing robust sales, with BYD's sales rebounding to 301,631 units, including 38,434 exports. Tesla also raised the price of all Model Y variants in the U.S. by $1,000. Other Chinese EV makers like NIO, Li Auto, and XPeng reported year-over-year delivery increases of 14.3%, 39.2%, and 29%, respectively, with BYD's first-quarter BEV sales reaching 300,114, up 13.40% year-over-year.
Warren Buffett-backed carmaker BYD has emerged as fierce competitor to Western EV makers At end of last year, BYD overtook Tesla as world’s largest seller of electric vehicles on quarterly basis For first quarter of 2024, BYD sold roughly 300,114 pure EVs globally, ⬆️ 13% over… https://t.co/5G3gXYoxQc
$TSLA delivery estimates keep declining, and unless there's a major full self-driving breakthrough, @RiskReversal thinks this EV-maker is heading even lower: https://t.co/9pFuir4Qex
Analysts predict Elon Musk's market-leader faces first sales decline since the start of the pandemic https://t.co/wj1L0kAblB https://t.co/WRGxS77zX3
Analysts are lowering their estimates on Tesla's car deliveries this quarter, as some even prepare for the electric vehicle company's first sales decline in 4 years, reports Bloomberg. https://t.co/JBe0fAp7dR
Tesla Delivery Results Are Coming. Investors Want Growth. https://t.co/rQiYv0W54D
$CAAS Exec: "Chinese EVs are beginning to benefit from a growing economy of scale & strengthening EV supply chains, thus providing an advantage in global markets. In 2023, the CAAM statistics show the Chinese automobile unit exports jumped by 57.8% YoY & recently Chinese auto…
NIO's EV sales rebound in March to top 30,000 Q1 delivery target https://t.co/w6kLPVlfms by @EVPeteJohnson
$TSLA | Tesla May Be Staring At Big Q1 Sales Miss, But Could Still Reclaim EV Crown From Buffett-Supported Chinese Competitor BYD BYD said its first-quarter BEV sales came in at 300,114, up 13.40% year-over-year, but down about 43% from the preceding quarter. Rival Tesla is due… https://t.co/X0PYvoNzsV
Even Tesla is struggling to sell EVs - analysts predict Elon Musk's market-leader faces first sales decline since the start of the pandemic https://t.co/hjmzKTq3m2 https://t.co/SwcpwXumYS
Very possible Tesla's lackluster Q1 delivery numbers that will be reported very soon(e.g. tomorrow morning seems most likely) will be a 'sell the rumor, buy the news' event for the $TSLA. If *too low* could just be sell the rumor AND sell the news event tho
$TSLA | Tesla shares are trading lower ahead of the company's Q1 delivery report this week.
IBD: $TSLA Reports 1Q Deliveries This Week. Expectations Are Rock Bottom. That’s Likely Bullish. https://t.co/KvziSNLW2N
Unless Elon Musk and his team pull a rabbit from a hat, a major drop in Tesla's deliveries in the January-March period looks likely. - Axios https://t.co/CBByJCrvkw
Tesla $TSLA stock added to Wells Fargo's short ideas list amid fears of weak Q1 https://t.co/lXmplV5pk2 https://t.co/f0Q4drmeNQ
BYD Q1 EV sales top 300,000, but is it enough to maintain a lead over Tesla ? https://t.co/FU8bkqSphW by @EVPeteJohnson
Chinese EV makers rise on strong March delivery reports https://t.co/R6DjEULJRu https://t.co/5SHI5JWAZq
Chinese electric-vehicle maker BYD reported higher quarterly sales and production volume despite stiff competition from Chinese rivals, with sales rebounding and exports surging in March https://t.co/9BPdQNuNKW https://t.co/9BPdQNuNKW
Unless Elon Musk and his team pull a rabbit from a hat, a major drop in Tesla's deliveries in the January-March period looks likely. https://t.co/udBl1ZiFnI https://t.co/DX86DVe7tq
$TSLA Tesla Says the Street Sees its Q1 Deliveries at 440,671 or Up 4.2% YoY Tesla’s Investor Relations (IR) department surveys the 30+ analysts who cover Tesla’s stock before quarterly delivery reports and earnings results. For Q1 2024, Tesla IR sent out an email (only to…
$TSLA | Tesla Bull Anticipates Lower Q1 Volume, But Does Not Rule Out Stock Rally If This Happens Wall Street's consensus stood at 431,000 units, on a median basis, and 443,000 units, on average, says Future Fund's @garyblack00 Tesla's current stock price already reflected a… https://t.co/XvDs1Nr040
BYD’s First-Quarter EV Deliveries Rose Despite Intensifying Competition https://t.co/DOxgHUCe1a
Tesla has Wall Street worried about how many cars it just sold https://t.co/2QyG8llIyA
NIO, Li, XPeng EV Deliveries Rise, Pushing Their Stocks Higher https://t.co/zJaxrp1ten
Nio, BYD see big jumps in EV deliveries in March https://t.co/sWkX62q86U
Tesla may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. https://t.co/9uFAWCINq9
In today’s pre-mkt summary for Subscribers: Tomorrow’s $TSLA 1Q delivs; TSLA follows through on its previously announced $1,000 price increase on M-Y; China’s surprisingly strong March PMI; Why Friday’s Feb PCE deflator doesn’t change timing of likely Fed rate cuts this year;…
$TSLA ❖ Tesla added to 'Tactical Ideas List' as Underweight at Wells Fargo Wells Fargo added Tesla to the firm's Q2 "Tactical Ideas List" and keeps an Underweight rating on the shares with a $125 price target. The firm sees moderating delivery growth driven by lower demand and…
$TSLA 1Q delivs: Anything above last year’s 1Q delivs of 423K is positive. @TroyTeslike ‘s final 1Q estimate of 409K may set the bar low, given the 4/1 Model Y price increase of $1,000 that may have pulled delivs into 1Q from 2Q. TSLA will likely get a pass on the ~30K YoY… https://t.co/E8LtQYgdk3
BYD’s monthly sales for March bounce back very strong after a slow start. 301,631 passenger EVs, hybrids sold inc. 38,434 exports via @business
In today’s pre-mkt summary for Subscribers: Tomorrow’s $TSLA 1Q delivs; China’s surprisingly strong March PMI; why Friday’s Feb PCE deflator doesn’t change timing of likely Fed rate cuts this year; will TSLA recognize its $926M FSD def rev balance in 1Q now that FSD is no…
Tesla $TSLA has now declined for 3 consecutive quarters for the first time since 2017-2018 https://t.co/6RObJtFdti
Tesla has dangled discounts and other perks to overcome the EV slowdown, but analysts still expect weak quarterly sales https://t.co/b56UVjboVK
Good Morning! Futures up $TSLA RAISES PRICES OF ALL MODEL Y VARIANTS IN U.S. BY $1,000 Very quiet this am $XPEV March deliveries up 29% yoy $LI March deliveries up 39.2% yoy $NIO March deliveries up 14.3% yoy
Tesla Stock Is Rising. Delivery Numbers Are Due Tomorrow. https://t.co/PkExTiqlJr
China’s automakers are offering sweeteners such as subsidies and coupons to lure would-be car buyers. They are taking advantage of Tesla’s recent price hike and defend against Xiaomi’s disruptive market entry https://t.co/4tSh1XChub
With @TroyTeslike 1Q delivs est at 409K vs 423K YoY, this could be $TSLA ‘s first YoY decline since Covid in 2020/2Q, despite 15-20% price cuts, a $7,500 up-front EV credit, and the CT halo effect. WS consensus is 431K median and 443K average so TSLA could be facing both a… https://t.co/I2kOTPM0Bx https://t.co/E8LtQYgdk3
It's been a very trying first quarter for Tesla shareholders. Poor guidance, a tough selling environment in China, and more drama from Musk led the EV maker to shed over $200 billion of that since Jan. 1. https://t.co/gRGJDb3p5W
443,000 Tesla IR compiled consensus deliveries for Q1 2024 Seems like Tesla will miss that https://t.co/fKHZbGlM9g
I’ve posted the $TSLA IR-compiled consensus for 1Q delivs on my Subscriber feed.
Tesla Might Just Have Given Us a Way to Predict Tuesday’s Delivery Number https://t.co/MzqkhP0k6m