Tesla delivered only 386800 electric vehicles in the first quarter, down from a year earlier and falling short of analysts’ expectations.

[TechWeb] on April 3, according to foreign media reports, as previously expected, Tesla announced the output and delivery of electric vehicles in the first quarter on Tuesday, local time. However, surprisingly, they not only failed to reach a new high as in the fourth quarter of last year, but also both declined year-on-year and fell short of analysts’ expectations., According to the data released by Tesla, they produced 433,371 electric vehicles in the first quarter of this year, of which 412,376 were Model 3 and Model Y,Model S, Model X and other models produced 20,995.386,810 vehicles were delivered to subscribers, 369,783 were Model 3 and Model Y, and the remaining 17,027 were other models., In the fourth quarter of last year, Tesla produced 494,989 electric vehicles and delivered 484,507. In the first quarter of last year, 440,808 vehicles were produced and 422,875 were delivered. Production and deliveries in the first quarter of this year were significantly lower than both., Before Tesla announced its production and delivery, a number of investment bank analysts also gave delivery expectations. Dan Ives, an analyst at Wedbush, is expected to deliver 425000 to 475000 vehicles, while Adam Jonas, an analyst at Morgan Stanley, is expected to deliver 425500. Some foreign media also mentioned in the report that many Wall Street analysts expect Tesla to deliver 471000 electric vehicles in the first quarter., In the end, Tesla delivered 386,810 vehicles in the first quarter, which was significantly lower than analysts’ expectations., Since the electric vehicle business is Tesla’s main source of revenue and profit, its contribution to revenue in recent quarters has been around 80%, and the delivery of electric vehicles has decreased year-on-year, which is expected to lead to a decrease in their revenue, thus affecting their profits., Tesla also disclosed on its official website that their first-quarter financial report will be released on April 23. Whether revenue and net profit will decline year-on-year like the output and delivery of electric vehicles will be announced after the financial report is released. (navy), return to the first electric net home page>,

Link to this article: https://evcnd.com/tesla-delivered-only-386800-electric-vehicles-in-the-first-quarter-down-from-a-year-earlier-and-falling-short-of-analysts-expectations/

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