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Originally Posted by GrandSportC3
Overall, I don't see the overall trend of EV sales growing every year to stop, just not at the same rate as in prior years.
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3 quarters left to catch back up...
https://www.cnbc.com/2024/04/02/tesl...n-numbers.html
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Here are the key numbers:
Total deliveries Q1 2024: 386,810
Total production Q1 2024: 433,371
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In the same period last year, the electric automaker reported 422,875 deliveries and production of 440,808 vehicles.
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Vehicle production declined around 1.7% from a year earlier and 12.5% sequentially for Tesla, not nearly as steeply as the 8.5% annual drop in deliveries.
Tesla’s deliveries for the quarter fell far below even the most bearish of analysts’ expectations.
According to a mean of 11 estimates compiled by FactSet, analysts were expecting deliveries of around 457,000 for the period ended March 31. Estimates ranged from a high of 511,000 deliveries to a low of 414,000 for the first quarter, with estimates updated in March ranging from 414,000 to 469,000 deliveries.
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Tesla's statement says “decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont [California] factory and factory shutdowns.”
That may be a little more valid as the reason if you didn't build 46,561 more than you sold ...
Now imagine where they'd be if they didn't get handed a $7500 head start on each car by daddy .gov.