• BombOmOm@lemmy.world
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    1 year ago

    According to the data in the article, Tesla has a 1.5% YoY Q1 delivery growth. Hardly disastrous to sell more cars this quarter than in the same quarter last year.

    422,875 in Q1 2023

    433,371 in Q1 2024

    Edit: I was corrected that in fact deliveries were down 8.5% YoY. That does seem disastrous, particularly since they are banking on growth.

    • Toto@lemmy.world
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      1 year ago

      Production out pacing demand is a bad sign. Tesla has burned through all the early adopters (who are generally more forgiving) and they way more competition. They need to go after the early majority population.

      Also, Elon is no longer charming. Like it or not it matters. No one can name a CEO of another car company so there less a 1:1 correlation between Elon alienating people and a brand.

      And regarding the “hardly disastrous” metric, it only matters versus your competition because is measures relative performance to what was available. Taken on its own is meaningless.

      • quicklime@lemm.ee
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        1 year ago

        He was never fucking charming…

        I mean, granted for sure he’s gotten worse, but I don’t trust people who gave him a pass before the past couple of years.

    • Addv4@lemmy.world
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      1 year ago

      Yeah, but they’ve apparently produced ~50k more than delivered. How much does it cost them to store those extra? How much have they invested in those and not quickly recouped their manufacturing cost? So they basically have around 20% of their production numbers just sitting unsold? Those numbers anyway you cut it are very, very bad.

      • skyspydude1@lemmy.world
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        1 year ago

        That’s also just the most recent quarter. They’ve been “building inventory” for the past couple of years now and it’s a lot closer to 120k cars unaccounted for at this point.

    • GamingChairModel@lemmy.world
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      1 year ago

      This article is about the dropping analyst predictions, leading up to the actual announcement from Tesla.

      The official announcement a few hours after the article was 386,810, significantly lower than even the low expectations.

      • BombOmOm@lemmy.world
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        1 year ago

        Thank you for the correction. That is certainly a big deal, particularly since they are banking on growth as they aren’t yet a huge part of the pie. I amended my above post with your correction.