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Tesla releases Q1 2024 deliveries: disastrous results

electrek.co

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Re: Tesla releases Q1 2024 deliveries: disastrous results

#13

Post by addicted »

alephnerd wrote: post #4
toomuchtodo wrote: post #3

Interest rates and vehicle prices too high, must come down to expand TAM. Future benchmark rate cuts should improve affordability (most people finance and buy a payment), but Tesla will need to navigate burn rate until central bank pivots.

It's a global issue. Even BYD's sales crashed by almost 50% [0] [0] - https://www.reuters.com/business/autos-transportation/byd-ma...

Those are sequential sales.

YoY BYD is up 13%.

TSLA sales are down sequentially but more relevantly also YoY.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#14

Post by Ekaros »

ayan wrote: post #6

i hope elon's behavior is part of the drop in demand. i'm afraid it is mostly economic though.

Or the reality that there is lot more options so people gravitate towards them. And brand loyalty might also be a thing, of which there is lot for also other brands.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#15

Post by ayan »

ddoolin wrote: post #9
ayan wrote: post #6

i hope elon's behavior is part of the drop in demand. i'm afraid it is mostly economic though.

I shared this in my other comment, but there is some support for that notion: https://www.reuters.com/business/autos-transportation/would-...

great article. i have a tesla -- it is a great car. i regret that elon is such an awful person and i will definitely look elsewhere before buying another.

at least as long as he's involved.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#16

Post by afavour »

leosanchez wrote: post #5
testbf wrote: post #2

Well I’m a Tesla employee and I started looking for a new job today. There’s a lot of smart people who see where this is going.

What happened?

I’m going to assume that awful Q1 results lead employees to suspect layoffs are on the way. I imagine they are correct.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#19

Post by skillpass »

addicted wrote: post #13
alephnerd wrote: post #4

Earlier quoted context omitted.

It's a global issue. Even BYD's sales crashed by almost 50% [0] [0] - https://www.reuters.com/business/autos-transportation/byd-ma...

Those are sequential sales. YoY BYD is up 13%. TSLA sales are down sequentially but more relevantly also YoY.

Article says they’re still up year over year

> 431,000 deliveries would still be a small growth year-over-ear[sic]

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