Tesla's weak deliveries have led to a decline in its share price, according to recent UBS survey results. The company's first-quarter vehicle production and deliveries report showed an 8.5% decline in deliveries compared to the previous year, causing concern among investors and industry observers.
) stock has been facing a challenging period with weak deliveries resulting in a decline in its share price . The recent UBS survey results have shed light on the obstacles that lie ahead for the company, indicating a tougher road to navigate in the near future.
This dip in deliveries has been accompanied by a drop in Tesla's share price, mirroring the concerns surrounding the company's performance and the EV market at large. Despite a rise of over 4% on Monday, the stock has seen a significant decline of 30.83% in 2024, a clear reflection of the market's response to Tesla's performance.
According to the UBS survey, TSLA kept their leading battery electric vehicle brand consideration with 39% globally, but it ticked down with BYD (SZ:
Tesla Deliveries Share Price UBS Survey First-Quarter Report Decline Investors Industry Observers
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla's Quarterly Deliveries Decline, Miss Estimates Amid Competitive LandscapeTesla's quarterly deliveries declined for the first time in nearly four years and fell short of Wall Street analysts' estimates amid a challenging competitive landscape in the EV market and questions regarding the company's direction.
Read more »
Chinese NEV Stocks Fall as Tesla's Deliveries DeclineMajor Chinese new energy vehicle (NEV) making stocks fell on Wednesday, tracking steep overnight losses in Tesla after the world’s most valuable electric vehicle (EV) maker clocked a quarterly decline in deliveries.
Read more »
Tesla Reports Decline in Deliveries for Q1 2024Tesla delivered 386,810 vehicles in the first quarter of 2024, marking an 8.5 percent decline compared to the previous year. The disappointing results led to a drop in Tesla's shares.
Read more »
Tesla's Vehicle Deliveries Decline for the First Time Since the PandemicTesla's quarterly vehicle deliveries have declined by 9% compared to the previous year, falling short of analysts' forecasts. This is the first decline in customer deliveries for Tesla since the pandemic began in 2020. Production has also dropped for the first time. Despite anticipating significant growth in auto sales, Tesla has faced challenges in displacing combustion-engines.
Read more »
Elon Musk Allegedly Mandates FSD Installation And Demo At New Tesla DeliveriesNorth American customers can expect FSD 12.3.1 already installed on their cars and to see it in action before delivery is completed
Read more »
Tesla's weak first-quarter deliveries an 'unmitigated disaster' for MuskTesla's first-quarter delivery figures showed the first decline in nearly four years and fell well short of Wall Street's estimates with mounting competition from China playing a role.
Read more »