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0.000117766957309525 0.000226474917902797 -0.000226474917902797 -0.00124561204846563 -0.00110406522477632 -0.00445079832408563 -0.00469935454648405 -0.00469935454648405
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Tesla deliveries expected to slump on China competition, weak demand [FOX Business Network]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Electric vehicle maker Tesla is expected to release first-quarter delivery figures next week that show a sales slowdown amid increasing competition in the EV market and a waning boost from price cuts. The world's most valuable automaker has seen years of rapid sales growth but is bracing for a slowdown in 2024. Tesla is projected to deliver 458,500 vehicles in the quarter ending March 31, according to analysts polled by Visible Alpha. That amount is up from the 422,875 vehicles sold in the first quarter a year ago, but would represent a 5% decline from the preceding fourth quarter of 2024. Tesla CEO Elon Musk has aggressively cut prices for its most popular models since late 2022 in an effort to boost sales amid the high interest rate environment, which has increased the cost of car payments for customers. Musk has said the price cuts are needed to maintain demand for Tesla's vehicles and to keep its production facilities humming, and he has blamed winter and high borrowing c Show less Read more
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