Tesla’s First-Quarter Deliveries Plummet

Everybody knew this was coming: one month of deliveries on the boat to Europe, the availability of the 3 outside of North America affecting demand for the S & X outside of North America, and news of the Y Osborne'ing the X. The numbers for S/X are worse than expected, but I'm sure it's within the bounds of Tesla's planning scenarios.

Re: Tesla’s First-Quarter Deliveries Plummet

#5

Post by dgritsko » Thu, Apr 04, 2019, 1:07 PM UTC

Pre-market is... not looking very understanding this morning for $TSLA, to say the least.

Re: Tesla’s First-Quarter Deliveries Plummet

#6

Post by holoduke » Thu, Apr 04, 2019, 1:08 PM UTC

But still, the number of Tesla's driving around here in the Netherlands is just impressive. I do believe in a bright future for the Tesla car brand.

Re: Tesla’s First-Quarter Deliveries Plummet

#7

Post by this_user » Thu, Apr 04, 2019, 1:10 PM UTC

Apparently, they have 10,000 cars in transit to customers right now as part of their international roll-out. Still came in worse than the worst analyst estimates. US deliveries of the M3 also tanked in January and February after a record December. March saw an uptick, but it's still far below the December number. But this has likely to do with the end of the subsidies.

Re: Tesla’s First-Quarter Deliveries Plummet

#8

Post by genie514 » Thu, Apr 04, 2019, 1:11 PM UTC

This figure makes me wonder how other car manufacturers are able to generate demand. Honda alone sells 1m+ cars per year in the US. For all the news, Tesla will likely make 400k deliveries during entire year around the world.

Re: Tesla’s First-Quarter Deliveries Plummet

#9

Post by matt4077 » Thu, Apr 04, 2019, 1:11 PM UTC

leesec wrote: post #2

As was expected as they re-tooled the production line and started delivering internationally.

This was possibly expectable. But it was not expected. Per their press release:”Because of the lower than expected delivery volumes…”

Re: Tesla’s First-Quarter Deliveries Plummet

#10

Post by Brakenshire » Thu, Apr 04, 2019, 1:14 PM UTC

genie514 wrote: post #8

This figure makes me wonder how other car manufacturers are able to generate demand. Honda alone sells 1m+ cars per year in the US. For all the news, Tesla will likely make 400k deliveries during entire year around the world.

This is about deliveries, not demand. They still have a large backlog of orders, and they haven't even entered the European market yet.