The consensus on deliveries was 377-380K but the whisper number was around 355K. Those compared to 386,810 in the first quarter of 2024, which is a 13% decline.
The company reported 362,615K vehicles in production and said "the ramp of the New Model Y continues to go well."
The big miss on deliveries suggests that March numbers have been very slow. That matches with data from France today showing Tesla sales down 37% y/y in March and Sweden down 64% y/y in the month. We should get those numbers from more markets in the coming days.
Analyst Gene Munster was on CNBC yesterday and said he had taken down his estimate but the long-time bull also dismissed the auto side in favor of 'physical AI', as many of the bulls do. On the auto side, he argued that the political headwinds for Elon Musk's personal brand will fade and that sales will rise 5% y/y in the fourth quarter of this year.
Time will tell but this number shows that the brand damage is worse than he though.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about tesla first quarter deliveries 337k vs 380k consensus was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Tesla first quarter deliveries 337K vs 380K consensus )
Also on site :
- ‘The Princess Bride’ Star Cary Elwes Shares Tribute to Rob Reiner: ‘From That Very First Meeting I Fell In Love With Him’
- A Shockingly Recent Year Just Cracked the Top 5 of Rock's Most Legendary Years
- SFM Announcement: Kessler Topaz Meltzer & Check, LLP Encourages Sprouts Farmers Market, Inc. (SFM) Investors to Contact the Firm About Securities Fraud Class Action Lawsuit