Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle maker in Beijing, China February 4, 2023. REUTERS/Florence Lo/File Photo
Investors have been watching Musk's gamble that cutting prices would stimulate sales, although they worry about eroding margins. "They showed an acceleration, but they didn't accelerate to the level that Elon had suggested it would." According to a mean of estimates compiled by FactSet as of Friday, Wall Street was expecting Tesla to report deliveries of around 432,000 vehicles for the quarter, the Wall Street Journal and CNBC reported.
The automaker ramped up production at new factories in Texas and Berlin, and as China production recovered from a COVID-19 lockdown hit. Tesla tweeted on Sunday that its Texas factory built 4,000 Model Y this week, while the automaker said in late February that its German plant was producing 4,000 cars per week.Barclays analyst Dan Levy expected Tesla may be pressured to lower prices further as many automakers have matched the cuts and concerns about a weakening economy persist.
Musk warned that the prospect of recession and higher interest rates meant the EV maker could lower prices to sustain growth at the expense of profit. In January, Musk said the price cuts had stoked demand.
Reuters got their PeePee slapped by community notes. Losers!
Weird how you had to be shamed into accurate news
The damage control tweet 😂 you guys are losers!!
🤣
Your nose is so far up ole Elon's butt
LOL the correction after you got fact checked on your own post 🤣🤣🤣
Nitpicking a record quarter is insane behavior. The company is growing rapidly, period.
'electric car giant', very poor use of the english language. Get a grip.
How can you be this bad at your jobs?
See, Elon is bad now, so every article about him with always have a negative tone. journalism
Even after price cuts, Tesla's margins outpace everyone as they lower costs. As they ramp up production to meet demand, their future is bright!
Q1 is always lower than the previous Q4. The fact that this Q1 is up is not 'modest', it's an accomplishment!
'Tesla delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was 36% higher than a year ago. In January, Chief Executive Elon Musk said Tesla could achieve 2 million vehicle deliveries this year, up 52% from last year.'
Irrelevant bought and paid for
FAKE NEWS agency just as bad as CNN, TheStreet, and barronsonline DowJones DowJStockNews
What’s wrong with you?
36% increase year-on-year is not “modest” :) Are you guys going for a third CommunityNotes on the same article?
Even after they correct their misleading tweet about the record quarter they have to push out a negative tweet saying it’s modest. While most automotive companies are shrinking and laying off people, Tesla continues to grow and announces a new factory in Mexico and Nevada.
Hahaha! Clown Reuters
🤡🤡🤡
Which hedge fund paid you to post the lies about missing deliveries? Where is the SEC and why isn’t Reuters charged with market manipulation?!?
Bullshit 💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩
Tesla has been able to lower their manufacturing costs on a continuous basis - in labor, parts, and raw materials (especially rare earth metals.) Other auto manufacturers cannot even compete at this point and are losing money on EVERY EV vehicle they are selling. i.e. Lucid…
… and the Tesla brand is becoming toxic to the people who would mostly likely buy one.
you guys are payed by legacy OEMs and try hard to suppress Tesla. Thats so obvious guys and very loughable. You should stay factual and non political, just write facts not fakes which are helping to follow their agenda.
Q4 ‘22vs Q1 ‘23 is still up. That never happens. Q4 sales are ALWAYS larger than Q1 with ANY other auto OEM because of Holiday shopping, year end tax write offs etc. Let’s compare Q1 2022 vs Q1 2023. 310k vs 423k = +136% YOY. Will Tesla sell more or less cars in ‘23 than ‘22?
How did the other car mfg’s do?
By which standard do you judge? How is Mary doing with her 27 EV models? How about Toyota?
너넨 참 변치않는 멍멍이아기다
💩💩💩💩💩💩💩💩🐩💩🐩💩🐩💩Reuters is just that
In 2 years, elonmusk's Tesla will only be a memory.
Man y'all are digging hard for negatives in the Tesla fiasco
Funny how you guys got caught posting misinformation as per always
I smell fear
News outlets have lost all credibility.
🤣😂😅
Fake news… your dead
Why do you keep reposting on this with more and more opinionated headlines
Glow harder.
Record, but... only on corrupted FUD news outlets you can see this combination of words in one sentence
🤡🤡🤡
Twitter has replaced you.
🤡 🤡🤡
Great! Let’s do real reporting on subsequent coverage of tesla and get it right the first time …
ninonp14 We did it loll
Corporate media is just bunch of clowns riding in a clown car.🤡🤡🤡
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