Tesla Researcher Says Q2 Deliveries This Year Will Be 'Well Below' 2023 Levels
Portfolio Pulse from Anan Ashraf
Tesla is implementing price cuts and low-interest financing to boost Model Y sales and avoid a poor Q2 delivery performance. Researcher Troy Teslike predicts Q2 deliveries will be above 400,000 but below last year's 466,140, potentially marking the first annual decline in 2024. Tesla's global deliveries dropped 8.5% in Q1 2024.
May 27, 2024 | 10:07 am
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Tesla is cutting prices and offering low-interest financing to boost Model Y sales and avoid a poor Q2 delivery performance. Researcher Troy Teslike predicts Q2 deliveries will be above 400,000 but below last year's 466,140, potentially marking the first annual decline in 2024.
The price cuts and low-interest financing indicate Tesla is struggling to meet delivery targets, which could negatively impact investor sentiment. The prediction of lower Q2 deliveries compared to last year and a potential annual decline in 2024 further adds to the negative outlook.
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IMPORTANCE 90
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