Tesla set to report Q2 deliveries: What Wall Street is expecting
How did Tesla's Q1 deliveries compare to previous quarters?
Tesla's Q1 deliveries in 2024 saw a decline, falling below 400,000 for the first time since Q3 2022. This underwhelming performance has raised concerns among investors and analysts, as it represents a drop compared to the same quarter in 2023. Factors contributing to this decline include increasing competition, production ramp-up for the new Model 3, and factory shutdowns abroad.
What are Tesla's expected delivery figures for Q2 2024?
Tesla's expected delivery figures for Q2 2024 are 438,019 vehicles, according to analysts. This would be an increase from the previous quarter but a drop compared to the same period in 2023. The company has a lot on the line as it comes off one of its most underwhelming quarters in recent years, with deliveries falling below 400,000 for the first time since Q3 2022.
How does consumer interest in hybrid-electric vehicles impact Tesla?
Consumer interest in hybrid-electric vehicles may impact Tesla negatively, as the company focuses on fully electric vehicles5. This trend suggests that some potential customers might prefer hybrid vehicles over fully electric ones, possibly due to concerns about charging infrastructure or the environmental impact of battery production. Tesla may need to adapt its strategy or introduce hybrid options to cater to this demand.