But the number of deliveries for its higher-priced Model X/Model S vehicles slumped by 38%. Tesla (TSLA) has had a sudden drop in wait times for deliveries on new orders on some of its electric vehicle models, and some are reading into it as demand falling off, but there’s more to. Tesla first-quarter vehicle delivery numbers are due out near the end of the week, likely coming on Saturday. Tesla delivered 6% more of its mainstay Model 3/Model Y vehicles in the first three months of this year than in the previous quarter. Musk, who has missed his own ambitious sales targets for Tesla in recent years, said in January that 2023 deliveries could hit 2m vehicles, without external disruption, from 1.3m in 2022.Īnalysts expected 430,008 vehicle deliveries, according to Refinitiv. “They showed an acceleration, but they didn’t accelerate to the level that Elon had suggested it would.” I think what it tells you is the economy is getting tough,” said Gene Munster, the managing partner at Deepwater Asset Management. In January, Chief Executive Elon Musk said. Tesla (TSLA 1.28) shares surged on Monday, following the companys announcement of huge fourth-quarter vehicle delivery numbers. “If they wouldn’t have done the price cut, it would have been ugly. Tesla delivered 422,875 vehicles for the first three months of this year, up 4 from the previous quarter. Tesla delivered a record number of cars in the first quarter of 2022. The basic Model Y that used to sell for $65,990 (£53,500) now costs $54,990. Tesla car in showroom with its doors open. In January, Tesla slashed prices globally by as much as 20%, unleashing a price war after missing Wall Street delivery estimates for 2022. Deliveries were up 36 year over year, indicating the company once again. The Tesla Cybertruck is one of the most anticipated Tesla products and. Investors have been watching Musk’s gamble that cutting prices would stimulate sales, although they worry about eroding profit margins. In the first quarter of 2023, Tesla produced about 441,000 EVs around the globe and delivered 423,000 to customers. Elon Musk announced that Tesla is planning to hold a Tesla Cybertruck delivery event at the end of the third quarter.
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