|
Economy
|
Tesla Facing Decline in Deliveries Amidst Growing Competition ...
2024-07-01 20:01:54

Tesla Facing Decline in Deliveries Amidst Growing Competition in the EV Market

Tesla is anticipated to announce a 3.7% decrease in deliveries for the June quarter, marking the second consecutive quarter of decline attributed to competition in China and subdued demand for new models. The company's challenges include a shift towards cheaper hybrid vehicles, inventory accumulation, and postponed plans for new electric car models, while also concentrating on the advancement of robotaxis.

Analysts are lowering their estimates for Tesla's second-quarter sales, with scrutiny on profit margins and energy storage figures. Despite Tesla's struggles, Chinese EV makers like Li Auto, Xpeng, and Nio are experiencing strong sales, with Nio breaking records for the second consecutive month, indicating intense competition in the premium EV segment.

Related news on that topic:

Tesla Stock Surges on Better-Than-Expected Q2 Deliveries Despite ... Challenges

Despite challenges in the global electric vehicle market and a tough start to the year, Tesla's stock rose significantly as the company surpassed Wall Street estimates with its second-quarter delivery figures. Although deliveries fell 4% compared to the previous year, Tesla delivered 443,956 vehicles in Q2, exceeding analyst predictions and showcasing a 15% increase from the first quarter. Analysts have been closely monitoring Tesla's profit margins and overall sales performance, with a particular focus on the impact of Chinese EV makers' strong delivery reports on Tesla's stock performance.

The press radar on this topic:

Yahoo Finance
21. Juli 2024 um 11:20

Tesla Vs. BYD: TSLA Holds Key Level Amid EV Woes, Robotaxi Hopes; BYD In Buy Zone As Margins Soar | Investor's Business Daily

Politics
China's electric-vehicle (EV) and battery giant, BYD, surpassed Tesla in vehicle sales for all-battery EVs in Q4 2023 but Tesla regained the title in Q1 2024. However, both companies reported significant declines in Q1 deliveries due to seasonal weakness in China and a slowdown in global EV demand. While Tesla has been slashing prices and focusing on robotaxis, BYD has rebounded with big price cuts, new models, and plans to unveil better batteries and hybrid systems.
Yahoo News
1. Juli 2024 um 10:04

Tesla deliveries set to fall for second straight quarter

Economy
Politics
Technology
Tesla is expected to report a 3.7% drop in deliveries for the June quarter, marking the second consecutive quarter of decline due to competition in China and weak demand for new models. The company faces challenges such as a shift to cheaper hybrid vehicles, inventory buildup, and delayed plans for new electric car models, while also focusing on the development of robotaxis.
Yahoo Finance
1. Juli 2024 um 11:00

Tesla is running out of excuses for its prolonged sales slump

Economy
Technology
Finance
Tesla is expected to report a second consecutive quarter of weaker sales, with analysts estimating a 5.4% drop in deliveries compared to the same period last year. The company is running out of excuses for its sales slump, as it has resolved several issues that affected its performance earlier this year. The main challenge now is increased competition and the aging lineup of Tesla vehicles, which is struggling to keep up with newer offerings from rival electric vehicle manufacturers.
The Street
3. Juli 2024 um 12:17

Analyst puts Tesla stock on key ideas list as Q2 deliveries loom

Finance
Technology
Economy
Tesla shares rose ahead of the release of its second quarter delivery figures, despite a tough start to the year. Analysts predict another disappointing quarter for overall deliveries, with concerns about declining earnings and demand for the Model 2. However, some analysts believe that Tesla's focus on AI and robotics, as well as its autonomous driving technology, could be the key to its future success.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact