Tesla Sales Slow In 1st Quarter As Market Cools

Tesla stock down 10 percent already this morning! Deliveries well below projections and the S and X - the ones amking some profit - have really dived. Analysts point to poor product mix, over-reliance on carbon credit sales and tax incentives and Elon not being specific regarding cash on hand, something fairly standard in financial reports and an indication he does not have enough.

The consensus estimate was 75,000 based o Elon's guidance, not 50,900 as stated. The low estimat was 67,000, so he missed that by a considerable amount.

Ditto, all of the above!

Where are all the Tesla fanboys today?

Don't gloat too much Truty. Model 3 still easily outsold all of its competition - including ICE.

Model X and S will get a much needed refresh later this year.

Prediction: you won't be cheering after the second quarter.

Tesla's stock is taking a beating today. That's what happens when your production can't keep up with demand, your product mix is poor and the government incentives you rely on start to go away.

The looming competition from Audi, Porsche and Mercedes-Benz is also right around the corner if not already here (Audi eTron). This is a crucial time for Tesla.

Time to see if Tesla can keep up with the competition's much wider U.S. and global dealer network, economies of scale and sales volume which is a multiple of Tesla's.

Recovered 2.6% today

Also, unsold inventory jumped by 50 percent in the first quarter. This is a substantial and material miss for Tesla. The SEC will have an issue with Tesla giving false guidance I January or worse, Tesla management has no idea what they are doing.

You're hopelessly clueless.

Explain to me please, how I am clueless?
The stick dropped dramatically today on lousy results and Tesla management's guidance failure.
Several analysts have dropped their target to $200/share. Ouch.

Aw Truthy, Runningasshatter1 doesn't "do" facts and reasoning, so forget logic.

I'm sure you have files on that at the FSB comrade.

At Aspy11 notice how runningcarlossanjose1 goes straight to name calling when challenged on the facts that refute him?

Not cheering, just stating facts. Tesla intentionally misled investors
, itself an SEC violation, because the news is so bad.
What competition are you referring to for the Model 3 and where?
Analysts are addressing the trend of Elon pointing to a month of backlog fill as great sales. Once normal demand arrives it is a trickle. There is no way Tesla can survive without raising about $2.0 billion in capital this year.

Competition is ANY car in the $40k to $60k range. Can you name any that even came close to the Model 3 in sales? No? Didn't think so.

Second quarter baby!

If you are referring to filling 3 years of backlog in 2 months and claiming that is the recurring demand you bubble was just burst. Only 50,000 sold in the first quarter - March was the slowest month.
Analysts are downgrading Tesla stock largely due to slackening demand. Oh, and unsold inventory climbed 50 percent in the quarter - another indicator of softening demand. Ouch!

Reminds me of the quote from Ed Wood, the director if really bad movies in the 1950s such as "Plan 9 from Outerspace." He said to a potential investor, "You say my last movie was the worst you've ever seen. Well, my next one will be better!"

Softening demand Truthy?

Show us the Model 3 sales numbers for January, February and March of this year.

I dare you.

You are daring me? Less than 51,000 total in the 1st quarter, globally.
I will direct you to an article in Seeking Alpha detailing the "demand levers" that Elon is using to manipulate sales numbers, i.e.- announcing a deadline of March 19 before a price increase so that 1st qtr sales numbers could look better than actual demand supports.
He has played games like this frequently.
He has a few levers to pull in the second qtr, but after that it will be real demand and the numbers are not promising. This is why most analysts are downgrading the stock.

You didn't dare Truthy. Can't say I blame you.

January: 6500

February: 5750

March: 10,175

Wow. Sales really cratered in March! Lol.

Now you want me to prove the Earth is actually a sphere? Trust me. It is.

Your numbers are skewed in March, no doubt by the teslarati fan site. Nonetheless, let me help you here. If you were able to understand my post abover, Elon pulled one of his con levers by raisng prices on March 19 getting customers to pull forward demand so that he could add to March sales. This does not create demand, just pulls it forward. After the 19th, sales dropped precipitously. The weekly actual sales rate with accounting for the demand levers continues to show decline. This is why JP Morgan lowered their price estimate to $200/share. Expect analysts to continue to lower expectations to inline with reality. Elon's lack of transparancy does not help.

The huge drop in Model X/S sales is a problem...the Model 3 is cannibalizing the sales of the more expensive/profitable models. Tesla needs to upgrade the interiors in the Model X/S significantly to increase sales of those models and increase their profit margins. They better rethink their plan to make the Model X/S interior similar to the Model 3.

Have you noticed the fanboys, the guys here who have posters of Elon on their walls, never provide sales data, just dare us to do it for them. Just as misleading as their hero.

But isn't that the way they as unicorn socialists have been inculcated to play? i.e. don't let facts cloud the rhetoric and if anyone ask for facts, tell THEM to go find it themselves?

I guess searching for facts is better than just making them up like some people.

No, SanCarlosJoseAsshatterDriver you make them up too because your FK Daddy Elon tell you to.

You're like a 13 year old in a 30 year old's body.

Nah, it more like you're the emperor in The Emperor's New Clothes and I'm one of the tailors that took you to the cleaners. You may think you have what it takes to play in the ring, but Sweetums, you are sadly mistaken.

Not once has any of Elon's relatives on this site produced any fact based sales numbers. One pulled numbers from February 2018 shortly after Tesla opened sales in Europe to claim they outsold all the German luxury cars. Cherry picking numbers satisfies his fans but not financial analysts who see through the games.

Relatives? I thought they were his FK Boys.

See above genius.

Sure Truthy, guess you missed this one: https://www.bloomberg.com/news/articles/2019-04-03/tesla-closes-in-on-porsche-in-germany-as-model-3-sales-jump

Apparently the public has grown nostalgic for good 'ol gas engines.