Tesla stock deliveries7/5/2023 ![]() ![]() Ives has been one of several voices critical of Tesla CEO Elon Musk's leadership - or lack thereof - since acquiring Twitter late last year. ![]() The US EV maker exaggerated driving range, cost-effectiveness compared to gasoline vehicles and the performance of its Superchargers, the KFTC said. Such freezing temperatures cause the range on Teslas to plummet by up to 50 percent, the Korean Fair Trade Commission said, adding that Tesla made no mention of range loss on its Korean-facing website. Korean winters are harsh and cold, as your reporter can personally attest to. To make things worse, South Korean regulators fined Tesla $2.2 million (£1.8m) today over allegations the company exaggerated the battery range of its vehicles. Tesla is also likely to face increased pressure from Major US automakers like Ford and GM, which are investing heavily in electric vehicles, and at price points more affordable to the average consumer. Apple taps brake on self-driving cars, now aims for 2026ĭemand is one of Tesla's major issues, says Berstein analyst Toni Sacconaghi, who believes Tesla needs to reduce its self-imposed (and missed) 50 percent annual growth target and cut production.įurther evidence of fading demand can be found in Tesla's offered discount to customers taking early delivery in late 2022, which apparently wasn't sufficient to give its numbers a needed year-end boost.Rivian abandons electric van partnership with Mercedes-Benz.Musk roundly booed on-stage at Dave Chappelle gig.Tesla driver blames full-self-driving software for eight-car Thanksgiving Day pile up.Tesla disclaims any obligation to update this information.A single miss amid a quarter of record deliveries might not seem like a big deal, but it's just one more bit of bad news to heap onto Tesla's mountain of problems. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Statements herein regarding our production and delivery volumes are “forward-looking statements” based on management’s current expectations and are subject to risks and uncertainties. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles. Investor Relations net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Eastern TimeĪpproximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.įor additional information, please visit. What: Date of Tesla Q3 2022 Financial Results and Q&A Webcast Eastern Time) to discuss the Company’s financial and business results and outlook. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. At that time, Tesla will issue a brief advisory containing a link to the Q3 2022 update, which will be available on Tesla’s Investor Relations website. Tesla will post its financial results for the third quarter of 2022 after market close on Wednesday, October 19, 2022. These cars have been ordered and will be delivered to customers upon arrival at their destination. In Q3, we began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of the quarter. As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks. Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars. AUSTIN, Texas, Octo– In the third quarter, we produced over 365,000 vehicles and delivered over 343,000 vehicles.
0 Comments
Leave a Reply. |