2024

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Tesla (NASDAQ: TSLA) <a aria-label="released (opens in a new tab)" href="https://www.businesswire.com/news/home/20240402814946/en/Tesla-Vehicle-Production-Deliveries-and-Date-for-Financial-Results-Webcast-for-First-Quarter-2024" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">released</a> its vehicle production and delivery report for the first quarter of 2024. The reported numbers fell short of expectations, and the firm’s stock price dropped over 7% in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="dofollow" class="deco-link">premarket trading</a> and finally opened at $164.60, a 5.2% drop from the previous close of $173.54.</p> 
<h3 id="tesla-deliveries-in-q1-fall-short-of-expectations">Tesla Deliveries in Q1 Fall Short of Expectations</h3> 
<p>The company produced over 433,000 vehicles and delivered approximately 387,000 vehicles during the year’s first quarter.</p> 
<p>The Model 3 and Model Y accounted for most of the production and deliveries, with 412,376 units produced and 369,783 units delivered. The company’s other models, including the Model S and Model X, saw production of 20,995 units and deliveries of 17,027 units.</p> 
<p>Despite these impressive figures, Tesla fell short of analysts’ expectations for the quarter. According to a mean of 11 estimates compiled by FactSet, analysts expected around 457,000 deliveries for Q1.</p> 
<p>A broader consensus from 30 estimates expected a mean of 443,027 deliveries and a median of 431,125. The decline in volumes can be partially attributed to the early phase of the production ramp of the updated Model 3 and factory shutdowns caused by shipping diversions from the Red Sea conflict and an <a href="https://tokenist.com/premarket-movers-in-focus-palantir-technologies-pltr-and-tesla-tsla/" rel="dofollow" class="deco-link">arson attack</a> at Gigafactory Berlin.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="tesla-stock-drops-over-5-after-q1-report">Tesla Stock Drops Over 5% After Q1 Report</h3> 
<p>Tesla’s stock price reacted negatively to the delivery report, with shares dropping 7% in premarket trading and the stock opening over 5% lower.<br><br>The closing price before the report was $175.79, and the pre-market price after the report was $164.61, a decline of 6.06%. This marks a continuation of a <a href="https://tokenist.com/tesla-is-the-only-loser-in-the-magnificent-seven-so-far-this-year/" rel="dofollow" class="deco-link">challenging period</a> for Tesla’s stock, which dropped 29% in the first quarter, marking the biggest decline since the end of 2022 and the third-steepest quarterly plunge since the company’s IPO in 2010.</p> 
<p>In the same quarter of 2023, Tesla reported 422,875 deliveries and production of 440,808 vehicles compared to the previous year. The fourth quarter of 2023 saw even higher figures, with Tesla reporting 484,507 deliveries and producing 494,989 vehicles. <br><br>While still impressive, the current quarter’s performance shows a slight decline from the previous year and a more significant drop from the preceding quarter.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Do you think Tesla will be able to recover from its current slump in 2024? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/teslas-deliveries-in-q1-short-of-expectations-stock-opens-5-2-lower/">Tesla’s Deliveries in Q1 Short of Expectations, Stock Opens 5.2% Lower</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Tesla’s Deliveries in Q1 Short of Expectations, Stock Opens 5.2% Lower

Table of Contents

Tokenist

Другие статьи, опубликованные 2 апр. 2024 г.

Top Crypto News Expected to Make Headlines in April

US Government Prepares for Massive Bitcoin Sell Off, But…

8 Best Cheap Crypto to Buy Now in April 2024

Bitbot Presale Soars in the United States with BTC Prediction to Reach $150K in 2024

Introducing Moonriver Coin: The Ethereum-Compatible Smart Contract Platform on Kusama

Why Bitcoin (BTC) Dropped to $66K: Simple Reasons Explained

Join our free newsletter for daily crypto updates!