Tesla anticipates that customer deliveries in the second quarter of this year will "significantly fall below" the 2023 levels.
The U.S. automotive giant $Tesla (TSLA.US)$ Tesla has made the best-selling Model Y more appealing in terms of cost with price cuts and low interest rates at the time of purchase. Tesla researcher the toro teslaik believes that the company is simply trying to avoid another bad quarter.
The reason for these trades is not that Tesla is trying to break records, but regarding deliveries."Very bad quarter"because they want to avoid the return of "very bad quarters," Teslaik said.
Teslaik expects customer deliveries to exceed 0.4 million units in the second quarter, but he notes that this would be significantly below the 0.461 million units announced by the company last year. "Therefore, not very good numbers," said Teslaik.
"It is expected that 2024 will be the first year in which Tesla's annual delivery volume decreases," he added.
Price cuts and incentives
Earlier this month, tesla introduced low interest rates for people purchasing Model Y from tesla financial institutions in the USA or third-party financial institutions. Customers who order any version of Model Y by May 31 will receive an interest rate of 0.99% per annum for a financing period of 36 to 72 months.
Last month in China, tesla lowered the prices of Model 3 and Y by up to 6%. The company also reduced the prices of Model S and X imported in the Chinese market by up to 22%.
Tesla's global customer deliveries decreased by 8.5% in the first quarter, reaching just 386,810 units. The company had delivered 422,875 units in the first quarter of 2023.
Tesla's Chief Executive Officer, Elon Musk, stated during the company's first quarter earnings report in April, contrary to tesla's financial estimates, that revenues in 2024 would increase compared to 2023. The company delivered 1.8 million automobiles last year.
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