Tesla sales bounce back in Q3 but fall short of estimates
2 years, 2 months ago

Tesla sales bounce back in Q3 but fall short of estimates

Associated Press  

AUSTIN, Texas — Tesla’s sales rose 35% in the July-September period compared to the second quarter as the company’s huge factory in China got past supply chain issues and pandemic restrictions. Tesla said it’s becoming more challenging to find transportation capacity at a reasonable cost when it needs to move vehicles from its factories to its customers. Tesla said it had higher than usual numbers of vehicles in transit at the end of the quarter that will count as sales once they’re delivered to customers. So far this year, the company has delivered 908,573 vehicles, but it will need a strong finish to the year to hit its predictions of 50% annual sales growth for the next few years.

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History of this topic

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq
Trending News
1 month, 4 weeks ago

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq

Live Mint  

Tesla shares continue to rally, with the company reporting a strong third-quarter profit. The stock rose 4.43 per cent, reaching a new high of $269.11. Tesla's net income increased by 17%, marking a turnaround from the previous quarter's decline. The company's revenue also increased, contributing to the positive performance.

Tesla's Q3 Results: A Strong Comeback for the EV Giant
Trending News
2 months ago

Tesla's Q3 Results: A Strong Comeback for the EV Giant

ABP News  

Tesla's Q3 net income rises 17% on strong sales, marking a turnaround for the company. The strong performance is attributed to robust electric vehicle (EV) sales, with the company projecting a 20-30% increase in sales for 2025. Tesla's cost-saving efforts have also contributed to the improved financial performance, with the gross profit margin reaching its highest level in a year.

Tesla suffers first drop in UK sales since 2013
2 months, 1 week ago

Tesla suffers first drop in UK sales since 2013

The Telegraph  

Tesla’s UK revenues have fallen for the first time in more than a decade as Elon Musk’s electric car company grapples with a slowdown in demand. The drop in sales brings the company’s recent momentum to a halt in the UK, where it has enjoyed constant sales growth since 2013. Mr Musk’s business is also facing questions about its ageing …

Tesla’s auto woes crash Elon Musk’s AI dreams
5 months ago

Tesla’s auto woes crash Elon Musk’s AI dreams

Live Mint  

Tesla finally has financial results to support the argument that it is more than a car company. At last, claims that Tesla isn’t just a car company have some grounding in the numbers, rather than merely in the expansive vision of chief executive Elon Musk. Tesla’s second-quarter delivery update already made the strength of the energy business clear, so this …

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
5 months ago

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

Associated Press  

DETROIT — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Tesla said it posted record quarterly revenue “despite a difficult operating environment.” The company’s energy-storage business took in just over $3 billion in revenue, double the amount in the same period last year. …

Tesla’s quarterly profit falls 45% as sales drop despite price cuts
5 months ago

Tesla’s quarterly profit falls 45% as sales drop despite price cuts

LA Times  

Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Earlier this month Tesla said it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold in the same period a year ago. For the first half of the year, Tesla has sold …

Tesla shares rally over 10% as quarterly deliveries beat estimates
5 months, 3 weeks ago

Tesla shares rally over 10% as quarterly deliveries beat estimates

Hindustan Times  

Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company's products and electric vehicles overall. For the first half of the year, Tesla sold 830,766 electric vehicles worldwide, handily beating China's BYD, which sold 726,153 EVs. Tesla also sold over 33,000 more vehicles during the second …

Tesla sales fall in Q2 despite price cuts
5 months, 3 weeks ago

Tesla sales fall in Q2 despite price cuts

Associated Press  

DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall. AP AUDIO: Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected AP correspondent Tom Krisher reports Tesla sale numbers may be …

Tesla’s China-made EV sales fall 18% year on year in April
7 months, 2 weeks ago

Tesla’s China-made EV sales fall 18% year on year in April

The Hindu  

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association data showed on May 7. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 8,00,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. …

Tesla sales have peaked in California, industry group predicts
7 months, 3 weeks ago

Tesla sales have peaked in California, industry group predicts

LA Times  

Cars are parked in a lot at the Tesla factory in Fremont, Calif., in 2022. Tesla sold fewer vehicles in California for the second straight quarter, suggesting its popularity in the state may have peaked, according to a report from the California New Car Dealers Assn. While the electric car company still makes some of the top-selling models in California, …

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles
8 months ago

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles

Hindustan Times  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
8 months ago

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Associated Press  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
8 months ago

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits

LA Times  

Tesla said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. Tesla said in a letter to investors Tuesday that its vehicle sales growth “may be notably …

Elon Musk turned democrats off Tesla when he needed them most
8 months ago

Elon Musk turned democrats off Tesla when he needed them most

Live Mint  

For years, the biggest cohort of Tesla buyers, politically speaking, has been Democrats. The proportion of Democrats buying Tesla vehicles fell by more than 60%, according to car buyers surveyed in October and November by researcher Strategic Vision. Other surveys have captured a pullback in consumers’ consideration of Tesla vehicles since Musk acquired the social-media platform in late 2022 and …

Tesla shares tumble below $150 per share, giving up all gains made over the past year
8 months ago

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Associated Press  

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. Dan Ives, …

Tesla planning to lay off over 10% of workforce amidst delivery dip
8 months, 1 week ago

Tesla planning to lay off over 10% of workforce amidst delivery dip

The Hindu  

Tesla plans to lay off over 10% of its workforce, or roughly 14,000 employees, according to a report by tech outlet Electrek. In a separate update, CEO Elon Musk, replied to a tweet on the departure of high level Tesla executives Drew Baglino, a former SVP of Powertrain and Energy, as well as Rohan Patel, who headed policy at Tesla, …

Tesla reports drop in auto sales, while Toyota sees US surge
8 months, 3 weeks ago

Tesla reports drop in auto sales, while Toyota sees US surge

Hindustan Times  

Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales. Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric …

Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
8 months, 3 weeks ago

Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows

Associated Press  

DETROIT — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. But TD Cowen Analyst Jeffrey Osborne wrote in a note to investors that weaker March sales indicate that incentives, including discounts and a free trial of “Full Self Driving” software, “did not work as demand …

Tesla sales fall short of estimates in first drop since 2020
8 months, 3 weeks ago

Tesla sales fall short of estimates in first drop since 2020

LA Times  

Tesla sales fell short of estimates in the first three months of this year. Tesla Inc. suffered its first year-over-year sales drop since the early days of the COVID-19 pandemic. Wall Street had rapidly lowered projections for the Austin-based company’s deliveries as the first quarter came to a close, including some analysts who correctly predicted that the tally would come …

Tesla California registrations fall for the first time since the pandemic
10 months, 3 weeks ago

Tesla California registrations fall for the first time since the pandemic

The Hindu  

Registrations of Tesla vehicles in California dropped 10% in the last quarter of 2023, the first fall in more than three years in the state, which is one of the most important markets for the electric carmaker and considered a national trend setter. A total of 47,592 Tesla vehicles were registered in California in the fourth quarter, compared with 52,782 …

Tesla valuation drops by $80 billion after Elon Musk's sales warning
10 months, 4 weeks ago

Tesla valuation drops by $80 billion after Elon Musk's sales warning

Hindustan Times  

Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition. Elon Musk warned that global Tesla sales might hit a slump Musk said on Wednesday that growth would be …

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024
10 months, 4 weeks ago

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024

Associated Press  

Shares of Tesla tumbled at the opening bell Thursday as the electric vehicle, solar panel and battery maker warned investors of slower sales growth this year after posting fourth-quarter results that were weaker than most had expected. In a letter to shareholders released Wednesday, Tesla warned that sales growth this year may be “notably lower” than the 2023 growth rate, …

Tesla 4Q earnings fall short of analyst estimates as company warns of lower sales growth this year
11 months ago

Tesla 4Q earnings fall short of analyst estimates as company warns of lower sales growth this year

Associated Press  

DETROIT — Tesla’s net income more than doubled last quarter thanks to a big one-time tax benefit, but it warned of “notably lower” sales growth this year. In its letter to shareholders released Wednesday, Tesla cautioned that sales growth this year may be “notably lower” than the 2023 growth rate, as it works to launch a more affordable next-generation vehicle …

Tesla hit by first ever drop in annual profits amid electric car price war
11 months ago

Tesla hit by first ever drop in annual profits amid electric car price war

The Telegraph  

Tesla has recorded its first ever drop in annual profits as it suffers the effects of an electric vehicle price war orchestrated by its chief executive, Elon Musk. It caps a challenging year for Tesla and Mr Musk, in which the company has been overtaken as the world’s best-selling electric car manufacturer by China’s BYD and its chief executive has …

Price cuts boost Tesla’s 4Q sales, beating estimates as electric vehicle growth rate slows
11 months, 3 weeks ago

Price cuts boost Tesla’s 4Q sales, beating estimates as electric vehicle growth rate slows

Associated Press  

DETROIT — Steep price cuts helped electric vehicle maker Tesla Inc. increase its fourth-quarter vehicle sales by almost 20% as EV sales growth slowed across the industry. Full-year sales numbers fell far short of CEO Elon Musk’s prediction of 50% sales growth in most years. Industry analysts expect the price cuts to trim Tesla’s profit margins when it reports earnings …

Tesla 3Q sales rise 27% but fall short of expectations due softening demand and factory downtime
1 year, 2 months ago

Tesla 3Q sales rise 27% but fall short of expectations due softening demand and factory downtime

Associated Press  

Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections as Elon Musk’s car company navigated through softening customer demand as well as factory upgrades. As usual, Tesla’s sales consisted primarily of its Model 3 and Model Y vehicles, which have been made even more attractive by rounds of price cutting that have …

Super Tesla, Super Elon Musk: EV maker earned over $25 bn last quarter, despite lowering margins
1 year, 5 months ago

Super Tesla, Super Elon Musk: EV maker earned over $25 bn last quarter, despite lowering margins

Firstpost  

Despite falling margins, Tesla had a blast in the last quarter, where it made over $25 billion. Tesla may very well become the most profitable car maker soon, as it is set to meet its projections this year, which will only be boosted by the Cybertruck Tesla made $2.7 billion in profit during the second quarter, which is 20 per …

Strong demand drives US new vehicle sales higher in the first half of the year
1 year, 5 months ago

Strong demand drives US new vehicle sales higher in the first half of the year

Associated Press  

Demand for new SUVs, trucks and cars in the U.S. picked up steam in the second quarter, but the stronger sales kept prices high for consumers. Electric vehicle sales continued to rise during the first half of the year to more than 557,000 vehicles, or 7.2% of all new vehicle sales. In all of last year, consumers bought just over …

Tesla's Second-Quarter Sales Soar, Exceeding Wall Street Expectations
1 year, 5 months ago

Tesla's Second-Quarter Sales Soar, Exceeding Wall Street Expectations

News 18  

Tesla’s second-quarter deliveries rose 83% from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of U.S. government tax credits. But the price cuts, both for special orders and on existing inventory, raised questions from analysts who expect the cuts to reduce Tesla’s profit margins when it announces second-quarter …

Tesla sales jump 83% from a year ago as tax credits, broader adoption drive sales
1 year, 5 months ago

Tesla sales jump 83% from a year ago as tax credits, broader adoption drive sales

Associated Press  

DETROIT — Tesla’s second-quarter deliveries rose 83% from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of U.S. government tax credits. But the price cuts, both for special orders and on existing inventory, raised questions from analysts who expect the cuts to reduce Tesla’s profit margins when it …

Tesla cuts U.S. prices again ahead of 1Q earnings release
1 year, 8 months ago

Tesla cuts U.S. prices again ahead of 1Q earnings release

Associated Press  

DETROIT — Tesla dropped the starting prices for its two top-selling models overnight, the company’s fourth price cut in the U.S. this year. The company lopped $3,000, or about 6%, off the starting prices for all three versions of the Model Y small SUV, Tesla’s top-seller. Tesla could have cut the Model 3 prices to make more cars loaded with …

Tesla slashes U.S. prices again
1 year, 8 months ago

Tesla slashes U.S. prices again

LA Times  

Tesla is dropping prices for the fourth time since late last year in an apparent effort to attract new buyers. Tesla dropped the starting prices for its two top-selling models overnight, the company’s fourth price cut in the U.S. this year. The company lopped $3,000, or about 6%, off the starting prices for all three versions of the Model Y …

Tesla sales rise 36% in first quarter, following price cuts
1 year, 8 months ago

Tesla sales rise 36% in first quarter, following price cuts

Associated Press  

DETROIT — Tesla’s first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand. In a note to investors Sunday, Jefferies analyst Philippe Houchois wrote that Tesla’s “excess production over deliveries” will keep the debate going over whether there’s demand weakness or if the price cuts will raise demand. During Tesla’s investor day event …

Tesla made an annual profit of $12.6 billion in 2022, expects strong demand in 2023
1 year, 10 months ago

Tesla made an annual profit of $12.6 billion in 2022, expects strong demand in 2023

Firstpost  

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker. CEO Elon Musk said that despite price cuts of up to 20 per cent on some of its vehicles announced earlier this month, demand for Tesla products is strong …

Tesla reports $24.3 bn Q4 revenue, expects to boost EV deliveries by 37 %
1 year, 10 months ago

Tesla reports $24.3 bn Q4 revenue, expects to boost EV deliveries by 37 %

Live Mint  

Tesla Inc slightly beat analysts' estimates for fourth-quarter revenue on Wednesday, powered by record delivery of electric vehicles during the last three months of 2022. The electric-vehicle maker, which missed its delivery target last year, said it expects to increase vehicle deliveries by 37% this year to 1.8 million vehicles. The company said revenue was $24.32 billion for the three …

Tesla reports record quarterly deliveries but misses estimates
1 year, 11 months ago

Tesla reports record quarterly deliveries but misses estimates

Live Mint  

Tesla Inc on Monday reported record production and deliveries for fourth-quarter electric vehicles, but it missed Wall Street estimates, burdened by logistics problems, slowing demand, rising interest rates and fears of recession. The world's most valuable automaker delivered 405,278 vehicles in the last three months of the year, compared with Wall Street expectations of 431,117 vehicles, according to Refinitiv data. …

Tesla shares plunge 13 percent on growth concerns
1 year, 11 months ago

Tesla shares plunge 13 percent on growth concerns

Al Jazeera  

Once worth more than $1 trillion, Tesla lost more than 65 percent in 2022 and $60bn on Tuesday alone. Tesla Inc shares started 2023 where they left off last year, plunging more than 13 percent on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world’s most valuable automaker. Tuesday’s slide knocked off …

Tesla’s 2022 collapse hits 69% after deepest sell-off since April
1 year, 11 months ago

Tesla’s 2022 collapse hits 69% after deepest sell-off since April

LA Times  

Workers assemble a car at Tesla’s factory in Fremont, Calif. A plan to temporarily halt production at the company’s plant in China has investors shaken. The tailspin in Tesla shares accelerated Tuesday, marking their longest losing streak since 2018, as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks. The latest …

Tesla offers rare year-end discounts on 2 top-selling models
2 years ago

Tesla offers rare year-end discounts on 2 top-selling models

Associated Press  

DETROIT — Tesla Inc. is offering rare discounts through year’s end on its two top-selling models, an indication that demand is slowing for its electric vehicles. Teslas weren’t eligible for a previous federal tax credit program because the company had reached a limit of 200,000 vehicles sold. “EV competition is increasing across the board, and Tesla is seeing some demand …

Competitors chip away at Tesla’s US electric vehicle share
2 years ago

Competitors chip away at Tesla’s US electric vehicle share

Associated Press  

DETROIT — New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collected by S&P Global Mobility show that Tesla still controlled about 65% of the growing electric vehicle market during the first nine months of this year. “Given that consumer choice …

Tesla working on revamped Model 3, codenamed it project ‘Highland’: Report
2 years ago

Tesla working on revamped Model 3, codenamed it project ‘Highland’: Report

Hindustan Times  

Tesla is developing a revamped version of Model 3, according to four people with knowledge of the effort, as the top EV maker aims to cut production costs and boost the appeal of the five-year-old electric sedan. The revamp of the battery-powered sedan, which could also include some changes to the Model 3’s exterior and powertrain performance, will go into …

Tesla revenue misses forecast; new factories squeeze margins
2 years, 2 months ago

Tesla revenue misses forecast; new factories squeeze margins

The Hindu  

Tesla Inc. on Wednesday posted record third-quarter revenue but still missed Wall Street estimates as the electric carmaker led by billionaire Elon Musk delivered fewer vehicles than expected, while spending on new factories and new battery production squeezed margins. "Raw material cost inflation impacted our profitability along with ramp inefficiencies" from its new factories in Berlin and Texas, and the …

Tesla 3Q profit more than doubles from a year ago to $3.29B
2 years, 2 months ago

Tesla 3Q profit more than doubles from a year ago to $3.29B

Associated Press  

DETROIT — Tesla reported Wednesday that its third-quarter profit more than doubled from a year ago, fueled by higher vehicle sales. CEO Elon Musk said on the company’s quarterly conference call that the Tesla is considering a $5 billion to $10 billion stock buyback next year, even if the economy stumbles. And Musk said Tesla’s “Full Self Driving” feature won’t …

Tesla bounces back after a production slowdown
2 years, 2 months ago

Tesla bounces back after a production slowdown

NPR  

Tesla bounces back after a production slowdown Enlarge this image toggle caption Patrick Pleul/AP Patrick Pleul/AP Elon Musk is confident the end of year for Tesla will be "epic" because electric vehicles are more desirable amid unstable gas prices, the CEO said on a call with shareholders and analysts. Sponsor Message "For the first time after a Cinderella story, the …

Is Tesla seeing a slowdown in demand?
2 years, 2 months ago

Is Tesla seeing a slowdown in demand?

Al Jazeera  

There are early signs of caution for the world’s most valuable car maker, including for its increasingly premium pricing. Morgan Stanley analyst Adam Jonas said he believed Tesla did not face an immediate demand problem, but added a caution on pricing and Tesla’s ability to buck the economic cycle. Musk himself in July said Tesla prices were hitting “embarrassing levels” …

Tesla 2Q profit falls from 1Q, but is stronger than expected
2 years, 5 months ago

Tesla 2Q profit falls from 1Q, but is stronger than expected

Associated Press  

DETROIT — Tesla’s second-quarter profit fell 32% from record levels in the first quarter as supply chain issues and pandemic lockdowns in China slowed production of its electric vehicles. Tesla stuck with a prediction of 50% annual vehicle sales growth over the next few years, but said that depends on the supply chain, equipment capacity and other issues. Windau said …

Tesla’s Q2 sales drop amid problems of supply chain, COVID-19 pandemic
2 years, 5 months ago

Tesla’s Q2 sales drop amid problems of supply chain, COVID-19 pandemic

India TV News  

Highlights Tesla on Saturday disclosed it sold more than 2,54,000 cars and SUVs from April through June Sales drop 18% from first 3 months of 2022 and also well below pace in last year’s final quarter The last time Tesla sold fewer vehicles globally was in the third quarter of 2021 Business news : Tesla’s sales from April through June …

Tesla’s run of record deliveries may be reaching the end of the road
2 years, 5 months ago

Tesla’s run of record deliveries may be reaching the end of the road

The Hindu  

Tesla Inc is expected to end its nearly two-year-long run of record quarterly deliveries as a prolonged COVID-related shutdown in Shanghai hit its production and supply chain, highlighting the risks of its reliance on China. But China's prolonged zero-COVID lockdown - Wedbush analyst Dan Ives called it Tesla's "albatross" this quarter - caused deeper disruptions to output than Musk predicted. …

Musk says Tesla’s new car factories ‘losing billions of dollars’
2 years, 6 months ago

Musk says Tesla’s new car factories ‘losing billions of dollars’

The Hindu  

Tesla Inc's new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. Musk said Tesla's Texas factory produces a "tiny" number of cars because of challenges in boosting production of its …

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