Tesla reports 386,810 deliveries in the first quarter of 2024, produced 433,371 vehicles
Tesla just published its first-quarter vehicle production and deliveries report for 2024. Here are the key numbers:
Total deliveries Q1 2024: 386,810
Total deliveries Q1 2024: 386,810
Total production Q1 2024: 433,371
Tesla doesn’t break out sales of its vehicles by model but reported that it produced 412,376 Model 3/Y cars and delivered 369,783 of those cars. It produced 20,995 of its other models and delivered 17,027.
In the same period last year, the electric automaker reported 422,875 deliveries and production of 440,808 vehicles. In the fourth quarter of 2023, Tesla reported 484,507 deliveries and production of 494,989 vehicles.
According to a mean of 11 estimates compiled by FactSet, analysts were expecting deliveries of around 457,000 for the period ending March 31. Estimates ranged from a high of 511,000 deliveries to a low of 414,000 for the first quarter, with estimates updated in March ranging from 414,000 to 469,000 deliveries.
Tesla’s head of investor relations Martin Viecha sent around a company-compiled consensus based on 30 analysts’ estimates over the weekend to select investors. The consensus, which was viewed by CNBC, said analysts were expecting a mean of 443,027 deliveries and a median of 431,125 deliveries for the quarter.
Tesla faced numerous challenges in the first quarter.
Tesla faced numerous challenges in the first quarter.
Tesla's unexpected decline in Q1 deliveries! What impact do you think this will have on $TSLA stock price? Is it an opportunity or a risk?
Vote and let's see where the Tesla rollercoaster takes us! #TeslaSurprise #StockMarketRide
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
102877280 : below expectations, meaning tonight it will dip further?