Tesla's Quarterly Deliveries At Risk? 'There Are Massive Challenges With Q1 Sales,' Says A Numbers Tracker
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) faces significant challenges in Q1 sales, according to Tesla numbers tracker Troy Teslike. The company introduced a promotion offering 5,000 free Supercharging miles for U.S. customers trading in their vehicle, aiming to boost sales. Challenges include low Model 3 and Cybertruck production, demand softness for Model Y, competition in China, and cancelled incentives in the EU. Teslike expects Q1 deliveries to be significantly lower than Q4's 484,000 units. Tesla's recent price cuts have not substantially increased deliveries and have impacted margins and earnings.

March 03, 2024 | 6:24 pm
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Fisker, Inc. (NYSE:FSR) flagged concerns about its ability to continue, highlighting challenges in the EV industry.
Fisker's recent 'going concern' warning reflects broader challenges in the EV industry, including slowing EV adoption and intensifying competition. This could negatively impact investor confidence and Fisker's stock price in the short term.
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Tesla faces significant Q1 sales challenges, with expected lower deliveries than Q4, impacting stock performance.
Tesla's Q1 sales challenges, including production issues and demand softness, are likely to result in lower deliveries compared to Q4. This, combined with the impact of recent price cuts on margins and earnings, could negatively affect Tesla's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100