Tesla set to have more record deliveries this quarter
shares have soared 109% this year. In the coming days, one number will be much more important to investors: How many cars did the company deliver in the latest quarter?
Analysts anticipate the Elon Musk-led manufacturer to report sales of around 448,350 cars during the last three months, up 6% from the first quarter of the year. While Tesla will retain the top spot for global battery-electric vehicle deliveries, the company will need to pick up the pace slightly to sell through the 1.8 million to 2 million vehicles it’s planning to produce this year.
While Tesla has repeatedly tweaked what it’s charged since then, in some cases bumping prices back up, its vehicles are much cheaper than they were at the beginning of the year. The best-sellingTesla is a major beneficiary of the Inflation Reduction Act, with each version of its high-volume vehicles — thesedan and Model Y SUV — now eligible for the full $7,500 federal tax credit.
Production probably outpaced deliveries again in the second quarter, UBS analyst Patrick Hummel wrote in a report Thursday.“We still see risk of additional price cuts over the rest of the year and into 2024,” Emmanuel Rosner of Deutsche Bank wrote in a June 26 report. He expects the company to deliver 1.78 million vehicles this year.
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