Q1 Deliveries missed by a mile both plunging market consensus and Tesla's expectations as sales crashed while it overproduced to record cumulative excess inventory which jumped 70% vs last year.
What is covered in the Full Insight:
Declining Q1 Deliveries
Growth of Excess Inventory
Weakness in Model Y and Model 3 Sales
Projected Sales Rebound in Q2
CEO Elon Musk's Impact on Tesla's Brand
Boomeranged on Tue, 16 Apr 2024 05:24
Severe job cuts coming at Tesla Inc after wildly overproducing Elon’s “appreciating assets” even as a year of drastic price cutting + expensive buyer perks fail to reverse plunging demand in Tesla’s paltry, aging, poorly made & supported fleet, as I warned again in Tesla Q1 Deliveries: Look Out Below.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.