Tesla Nearly Sells Out Inventory In This Country As Monumental Q2 Looks More Inevitable
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) is reportedly close to selling out its new inventory in Australia, with fewer than 20 vehicles remaining available for purchase nationwide. This follows the company's recent offering of free Supercharging for select Australian models and a discount of A$4,000 on certain vehicle models. The inventory clearance could position Tesla for a record-breaking sales quarter in Australia. Tesla is expected to announce its global second-quarter delivery figures on July 2, with Future Fund's Gary Black predicting record quarterly sales of 450,000 units.
June 29, 2023 | 9:04 am
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Tesla's near sell-out of its new inventory in Australia and potential record-breaking sales quarter could positively impact its stock price.
The news of Tesla's near sell-out in Australia indicates strong demand for its vehicles, which could lead to increased revenues and potentially a record-breaking sales quarter. This could positively impact investor sentiment and drive up the stock price.
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