Tesla (TSLA.US) reported today Q1 deliveries number which came in much lower than anticipated numbers on Wall Street. Deliveries came in at 336,681 vs 408,000 exp. by FactSet analysts, falling 13% on a yearly basis. Those are the lowest number in 2 years.Total production came in at 362,615 cars, down due to Tesla Y production line changes.
- European sales of Tesla’s tumbled 49% YoY, despite EVs European 28% sales growth reported by European Automobile Manufacturer’s Association.
- This may be signal that Tesla is losing its market share in Europe, fighting also with rising competitors from China. In February, Tesla sales in Germany came i down 76% to just 1,429 units compared to 6,038 a year ago.
- Also, PFA reported 3,159 Tesla deliveries last month in France; down 37% from March 2024 and down 41% QoQ. Also, in Sweden Tesla sales fell 64% YoY.
- In China, Tesla sold 78,828 EVs in March, down more than 11.5 YoY, according to data from the China Passenger Car Association. On the other hand, the number is much higher than February 30,688 sales on the Chinese market.
Today US indices try to rebound just after the market open, but Tesla dips almost 5% and is one of the weaker US large-caps.
Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
