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Tesla Delivers Record 405,278 Cars in Quarter But Misses Target

3Jan

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Tesla Delivers Record 405,278 Cars in Quarter But Misses Target

[ad_1] Tesla Inc. delivered 405,278 cars worldwide in the fourth quarter, eking out a record despite rising interest rates, inflation and crimped production in China. Tesla Inc. delivered 405,278 cars worldwide in the fourth quarter, eking out a record despite rising interest rates, inflation and crimped production in China. The results, posted Monday, missed expectations. In an effort to clear inventory, Tesla dangled discounts of $7,500 to consumers in the US who took delivery in the last days of December. Analysts had expected the company would ship 420,760 vehicles — the average of estimates compiled by Bloomberg. Tesla delivered more than 1.31 million cars for the year, falling short of the 50% year-over-year growth that the company has aimed for. In 2022, vehicle deliveries gr...

Tesla Deliveries Miss Estimates, Slowed by Logistic Snarls

[ad_1] Tesla Inc. worldwide deliveries missed forecasts in the third quarter and the company warned of challenges. Tesla Inc. worldwide deliveries missed forecasts in the third quarter and the company warned of challenges in getting its cars to customers, suggesting that supply-chain snarls remain a blight. It delivered a record 343,830 cars worldwide in the third quarter. Analysts had expected that nearly 358,000 vehicles would be shipped, based on the average of estimates compiled by Bloomberg. “Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars,” Austin, Texas-based Tesla said in a statement. “As our production volumes continue to grow, it is becoming ...

Tesla Is Set to Hit Delivery Record in Rebound From Supply Strains

[ad_1] Tesla is expected to announce record quarterly deliveries as the electric-vehicle giant tries to recover from snarls Tesla Inc. is expected to announce record quarterly deliveries as the electric-vehicle giant tries to recover from supply-chain snarls that crimped output earlier this year. The totals are poised for release this weekend once Tesla finishes sales at midnight Friday, the last day of the quarter. Deliveries are one of the most closely watched metrics by investors, underpinning Tesla's financial results and offering a barometer for consumer demand for EVs. Tesla is looking to maintain its position atop the market as upstarts and established carmakers rush into the EV space to capitalize on the shift aw...