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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

#21

Earlier quoted context omitted.

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]

431k was the consensus estimate recently. The real number was below 390k.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#22
post #6

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

I saw a bumper sticker on one: “I bought this before Elon went crazy”.

It’s not great when your customers are embarrassed to be seen driving the car you made.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#24
post #15
post #9

Earlier quoted context omitted.

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.

I really hope it will support stalks soon or have turn indicators actually placed on left+right.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#26

Maybe we're getting to saturation in early adopter market? Looking around, there are a lot of folks who could not easily live with a BEV, i.e. live in apartment buildings or don't have an easy way to install L2 charging at home.

I agree this is part of it. There are still many parts of the USA where charging is a real concern, as is the need to drive beyond the vehicle's range (I do that several times a month, and would worry about charging along the way or at my destination).

Re: Tesla releases Q1 2024 deliveries: disastrous results

#27

top down government technology mandates never work. the early adopters and rich california folks all already have EVs. normal people don’t want them toyota was right and that’s why i got their hybrid vehicle instead of an EV

I’m a “normal person” and I’d love one. But they’re too expensive and the charging situation near me isn’t great.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#28

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.

FWIW they had some insane discounts toward the end of March, to the extent that I'm not sure high prices is the problem. I bought a new long-range AWD Model Y myself a couple weeks ago because between the discounts and tax credits I ended up paying under $40k (would've been around $36k but even after sales tax and fees and stuff it was still only around $39k).

At those prices I'm not sure how they aren't selling more cars. For the amount of range and functionality you get, that kind of deal blows the competition out of the water; no other EV I'm aware of comes close. (That said, I have no idea if they still made much of a profit off that car or if they were just desperate to clear out space.)

Re: Tesla releases Q1 2024 deliveries: disastrous results

#29
post #7

This may be related as well, in a smaller way: https://www.reuters.com/business/autos-transportation/would-...

I ask owners of other EV vehicles how they like their car, and >50% of my sample size of ~10 bring up "at least it's not owned by that crazy man" as a big reason as they explain the other deficiencies. (Mostly bad controls, UX, etc. stuff that the Tesla gets right.)

I have a Tesla Model 3 right now and it's my favorite car ever, by far, but I also will be unlikely to buy another tesla. It's not the same company as six years ago.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#30

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.

Right but when do I get my cheap Tesla?
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