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Analysts have cut their forecasts for Tesla’s car deliveries this quarter, with some reportedly bracing for the electric car company’s first sales decline in four years. bloomberg.
Tesla reported this week that it plans to release first-quarter deliveries and production numbers. Investors Business Daily. Analysts interviewed by Bloomberg expect Tesla to ship an average of 449,080 electric vehicles in the first quarter of 2024. 484,507 deliveries recorded Tesla reported in the fourth quarter, which was higher. 422,875 deliveries Tesla made the announcement around the same time last year.
Financial data firm FactSet put the number of deliveries at a higher estimate of 457,000. Axios.
Tesla CEO Elon Musk attends the opening ceremony of the Tesla electric car manufacturing factory in Germany on March 22, 2022. Photo by Christian Marquardt – Pool/Getty Images
Tesla on Monday too price increase The Model Y electric car was launched in the United States. best selling car in the world According to data collected last year by automotive business intelligence company JATO Dynamics. This was the first electric car with that feature.Headquarters model Y It currently costs $44,990 without federal tax credits.
Tesla is on the path to more affordable electric cars, founder Elon Musk told investors. January The company is said to be stepping up development of next-generation EVs to appeal to a wider audience. Musk said the car could be built as early as late 2025.
Related: Tesla salary data leaked: How much are Elon Musk’s factory workers now making across the U.S. after some raises?
“If that happens, it will be head and shoulders above any other manufacturing technology in the world,” Musk claimed. January financial report.
An exclusive industry report obtained by Reuters on Monday said that the slowdown in expectations for Tesla is due to a rise in competitors in the electric vehicle space, a decline in public demand for cars, rising interest rates, and even founder Elon Musk. This may be a result of his reputation.
1 exclusive report from market intelligence company Caliber Indicated Tesla’s consideration score among U.S. buyers fell by more than half (31%) in February from 70% in November 2021. About 83% of Americans associate Musk with Tesla, according to a Caliber poll.
Related: ‘Next Tesla’ electric car startup accelerates: ‘Investors want to see demand’
Another study shared exclusively with Reuters by analytics firm Civic Science shown A growing percentage of buyers may be turning away from Tesla because public actions and statements, such as founder Elon Musk’s Twitter acquisition, can affect the company’s brand.
The survey found that 42% of respondents viewed Musk negatively, up from 34% two years ago.
Ed Kim, president of consulting firm AutoPacific, said: Reuters A small but growing group of EV buyers is “increasingly disgusted with Elon Musk’s actions and politics, and are now finding viable alternatives to Tesla in the marketplace.”
Despite reports, Musk is currently most followed people with X 179 million followers. He became the sixth person to cross. Over 100 million followers In June 2022.