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Tesla previously announced its Q1 2023 production and delivery figures. At 422,875 global deliveries of the Model Y, Model 3, Model S and Model X combined, Tesla beat expectations and set a new all-time delivery record.
IMO. Tesla demand will continue to soften And profit and will continue to fall going forward. Somehow I think the stock price will remain unchanged tomorrow
@AMIRZA786 congratulations
I will wait a little more, please update when you receive it.
Thank you, I definitely will. Looks like I'll have a bit of wait to get it. That should work out perfectly as the closer to our Ioniq lease return, the better
Tesla previously announced its Q1 2023 production and delivery figures. At 422,875 global deliveries of the Model Y, Model 3, Model S and Model X combined, Tesla beat expectations and set a new all-time delivery record.
"As you can see, Tesla met the profit expectations but fell a bit short in regard to revenue"
Duh, they cut prices. Gross margin is what counts. Companies can have strong revenues, but be in the red. 19.3 percent is amazing, and it means they can afford many more price cuts and remain the most profitable car company
I just compared your order to mine from 2 years ago....only ~2.5k difference lol
I remember after I ordered, they started jacking up the prices like crazy. Glad things are finally returning to prepandemic normality, just like the rest of the industry.
I just compared your order to mine from 2 years ago....only ~2.5k difference lol
I remember after I ordered, they started jacking up the prices like crazy. Glad things are finally returning to prepandemic normality, just like the rest of the industry.
Minus $1500 for Black, the color I ordered. There is no charge for Pearl White
That was about the least Wall Street friendly earnings call possible, doesn't get any more clear Tesla is going to push EV adoption as the #1 priority margins be damned. Traders hate this they want to hear flowery language about how wonderful things will be in the next few weeks and months.
Will be very interesting to see how other auto makers margins look like this year especially in their EV business.
Yup, they were abundantly clear they want and will sell a massive amount of vehicles. That's all they want to do, so more price cuts are not out of the question. But they did state that they will remain financially stable and will keep that 20 percent margin through autonomous services, insurance services, supercharging etc. So yea, from a stock perspective, will probably see some dips, but the future looks insane for them. 164 is my next down level and will see what happens when (if) it gets there so I can throw another big bag at the stock. Lol. I've been DYING to buy back in when I sold a few months back prior to battery day (or whatever they called that event was back in Feb/March).
