Tesla is facing potential challenges in its first quarter performance of 2024, with various reports and analyses suggesting a possible decline in vehicle production and deliveries compared to previous years. As of March 29, Tesla's Q1 worries are mounting as the company produced 424,735 cars, a figure that includes Original Roadsters and Cybertrucks but excludes Semis, prototypes, and production release candidates. A tweet from Tesla implied a 3% year-on-year output decrease. Despite this, Tesla announced the production of their 6 millionth vehicle with only a few days left in Q1, traditionally their weakest quarter. In the past three years, Q1 performance was higher than the preceding Q4, making this potential decline notable. Final estimates for Tesla vehicle sales in Q1 2024 range from 408,941 to 421,589. Speculation around Tesla's delivery numbers for Q1 suggests they might fall short of the IR-compiled consensus of 443,000 deliveries. With price cuts, a $7,500 up-front EV credit, and the Cybertruck halo effect, expectations were high. However, Tesla's first year-on-year decline since Q2 2020, amidst the COVID shutdowns, could be imminent despite these efforts. Additionally, Tesla raised prices for all Model Y variants in the U.S. by $1,000, which could impact buyer decisions. Nikola stock also soared by 57%.
$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
(Reuters) - The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk's polarizing persona. $TSLA @reuters https://t.co/L0D90QcJbH https://t.co/SCSHZ1lTCB
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 has dangled discounts and other perks to overcome the EV slowdown, but analysts still expect weak quarterly sales https://t.co/BH4Q2yog3r
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
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.
- @garyblack00 spec’g this clip was posted within moments / hours of actual # 6M rolling off line and arrives at 415K for Q1 That sounds too easy for Musk. Maybe a sandbag post. We’ll know soon. Either way - we are ready. Already good P&L past 2 weeks $TSLA $DIS $LLY https://t.co/8fQUZwN5DD https://t.co/FsdOGGLIzA
Tesla Might Just Have Given Us a Way to Predict Tuesday’s Delivery Number https://t.co/MzqkhP0k6m
It's rare for Tesla to report fewer deliveries in a quarter compared to the same quarter of the previous year. It happened only once in Tesla's history in Q2 2020 due to COVID shutdowns. If deliveries this quarter are less than 422,875 in Q1 2023, it will represent a change in… https://t.co/cSGHhTSPUy
Final estimate of Tesla vehicle sales range for Q1 2024 as of March 29th. Estimating total vehicle sales volume from a low of 408,941 to a high of 421,589. Data input sources: U.S.- @ValueExpected Europe- @AlexT18503601 China- @thinkercar $TSLA $TSLAQ https://t.co/GVTwtQSiLq https://t.co/0puDyLYMHg
Q1 is typically Tesla's weakest quarter of the year. This Q1 won't be any different. It will be Tesla's weakest quarter of 2024. But that's not the issue. In the last 3 years, Q1 was higher than the preceding Q4. For example, Q1 2023 was 4% higher than Q4 2022. Therefore, the… https://t.co/tKmfD1WbZS
Tesla just announced producing their 6 millionth vehicle, with only a few days left to go in Q1 (seasonally, Tesla's weakest quarter). Does this offer any insight into the production and delivery numbers we should expect on April 2? 🤔 https://t.co/68qBWQrL2A
[NEWS]: Tesla's Tweet Implies Q1 Output Down 3% YoY, by @BradMunchen https://t.co/iadHSGzFyY
As of midday yesterday, March 29, $TSLA has produced 424,735* cars in Q1. * According to my (unofficial) running count of Tesla vehicles produced inception-to-date, including Original Roadsters and Cybertrucks, but excluding Semis, prototypes, and production release candidates).
$TSLA | Tesla Q1 Worries Mount, $FSR | Fisker's Pricing Ploy To Stay Alive $NKLA | Nikola Stock Soars By 57% And More! Biggest EV Stories Of The Week: https://t.co/0JEQxZzQyt