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☆ Tesla shares fall after deliveries drop 8.5% from a year ago
▼ + stars: | 2024-04-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Tesla doesn't break out sales by model but reported that it produced 412,376 Model 3/Y cars and delivered 369,783. In the fourth quarter of 2023, Tesla reported 484,507 deliveries and production of 494,989 vehicles. Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. The system is marketed as Full Self-Driving but doesn't make Tesla cars autonomous.

Persons: Tesla, Troy Teslike, Martin Viecha, Elon Musk Organizations: Tesla, FactSet, Independent, CNBC Locations: Fremont, Gigafactory, Berlin, China, Shanghai, U.S, North America

☆ What investors should know about the U.S. easing vehicle emissions rules
▼ + stars: | 2024-03-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

President Joe Biden speaks at the United Auto Workers political convention at the Marriott Marquis in Washington, D.C., Jan. 24, 2024. The new Environmental Protection Agency rules released Wednesday aim to cut tailpipe emissions by 49% between model years 2027 and 2032. The EPA set a target for EVs to make up at least 35% of new vehicle sales by 2032. The EPA's new strategy for cutting tailpipe emissions doesn't focus only on EVs. The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers could meet the emissions regulations.

Persons: Joe Biden, Saul Loeb, Biden, Emmanuel Rosner, Mary Barra, Ngan, John Bozzella, Stocks, Tesla, weren't, Chelsea Hodgkins, Martin Viecha, Chris Kapsch, Morgan Stanley, Adam Jonas Organizations: United Auto Workers, Marriott Marquis, Washington , D.C, AFP, Getty, DETROIT, Environmental Protection Agency, EPA, EV, Detroit Automotive, Wall Street, Detroit, General Motors, Ford Motor, Chrysler, capex, Deutsche Bank, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance for Automotive Innovation, United Auto Workers union, UAW, Toyota, Public Citizen, Sierra Club, Democratic, GM, Ford Locations: Washington ,, Detroit , Michigan, U.S, Detroit, Michigan

☆ Tesla reported 435,059 deliveries for the third quarter, and production of 430,488 vehicles
▼ + stars: | 2023-10-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Tesla vehicles waiting to be loaded on board a cargo vessel at Nangang port, in Shanghai, China, on Sept. 6, 2023. Here are the key numbers from the electric vehicle maker:Total deliveries Q3 2023: 435,059Total production Q3 2023: 430,488During the previous quarter, Tesla reported total deliveries of 466,140 and total vehicle production of 479,700. During the same period in 2022 Tesla reported total vehicle production of 365,923 and deliveries of 343,830. Wall Street was expecting Tesla deliveries to reach 461,640 for the period ending Sept. 30, according to a consensus of analysts polled by StreetAccount. That number showed Wall Street was expecting around 455,000 total deliveries, with a median estimate of 453,128 deliveries for the quarter, based on 25 analysts' estimates.

Persons: Tesla, Elon Musk, Troy Teslike, Martin Viecha, Zachary Kirkhorn, Vaibhav Taneja, Tesla's Organizations: Tesla, PepsiCo, StreetAccount, U.S, Taneja Locations: Shanghai, China

☆ Tesla misses delivery estimates as weak economy overshadows price cuts
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +1 min

Tesla delivered 422,875 vehicles, a record high for the automaker but smaller than analyst expectations for 430,008 vehicles, according to Refinitiv data. Tesla deliveries grew 4% from the previous quarter and were 36% higher than a year ago. Tesla delivered 6% more of its mainstay Model 3/Model Y vehicles than the previous quarter. In January, Tesla slashed prices globally by as much as 20%, unleashing a price war after missing Wall Street delivery estimates for 2022. Shares have soared more than 68% this year on hopes that Tesla would win the price war it started, although the stock remains more than 50% below its November 2021 peak.

☆ Tesla's investor day featured 17 execs, taking Elon Musk out of the limelight
▼ + stars: | 2023-03-03 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTElon Musk speaking at Tesla Investor Day. The hours-long Tesla Investor Day on Wednesday evening left many shareholders and fans wanting more, however, and sent Tesla's stock price lower on Thursday, though analysts were positive on balance. Deutsche Bank analysts wrote in a Friday morning autos update, "Walking away from Tesla's investor day, we were admittedly disappointed with the overall lack of details on its next-gen platform, including launch timing, vehicle segments and price points, and financial implications. Team showingOne thing the Investor Day accomplished well was to turn shareholders' attention to the broader organization under Tesla's celebrity CEO. While the investor day highlighted Tesla's bench, diversity was not a strong point: Only two of the leaders who presented were women.

☆ Gerber ends Tesla board run, says carmarker creating 'own voice'
▼ + stars: | 2023-02-24 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

[1/2] A driver recharges the battery of his Tesla car, at a Tesla Super Charging station, in a petrol station on the highway in Chateauvillain, France, February 20, 2023. REUTERS/Pascal Rossignol/File PhotoCompanies Tesla Inc FollowBOSTON, Feb 24 (Reuters) - Tesla Inc (TSLA.O) investor Ross Gerber said on Friday he will end his run for the electric carmaker's board of directors, citing changes investors can expect to see next week. Tesla also will create more Twitter and promotional content, which could move the brand away from its close identification with Musk. Gerber, a Los Angeles investment manager, is a longtime Tesla bull who initially cast his run as that of a "friendly activist." While his wealth-management firm had only about 440,000 shares of Tesla he has received backing from larger shareholders online.

Musk is defending against claims he defrauded investors by tweeting on Aug. 7, 2018, that he had "funding secured" to take Tesla private at $420 per share, and that "investor support is confirmed." Musk testified for about five hours on Monday and for less than 30 minutes on Friday. Tesla's stock price surged after Musk's 2018 tweets, only to fall as it became clear the buyout would not happen. Musk testified that when tweeting about the financing, he was saying "not that it will happen, but that I am thinking about it," and that it was his "opinion" that funding was secured. Musk said the fund's governor, Yasir Al-Rumayyan, later backpedaled on the commitment to take Tesla private.

☆ Elon Musk just took the stand in a trial over his 'funding secured' tweet — catch up with 8 stand-out quotes from his testimony
▼ + stars: | 2023-01-20 | by ( Grace Kay | Sindhu Sundar | ) www.businessinsider.com time to read: +1 min

Elon Musk took the stand Friday in a trial over his 2018 tweets about wanting to take Tesla private. The trial asks jurors to determine whether Musk knowingly led investors astray with his tweets. Musk testified with characteristic defiance, saying he didn't believe his tweets had market significance. Musk has been known for his tendency toward combative testimony in the past — from cracking jokes to taking digs at the opposing attorneys. Here are 8 stand-out quotes from his half-hour testimony:

☆ Tesla shares tumble following deliveries report
▼ + stars: | 2023-01-03 | by ( Ashley Capoot | ) www.nbcnews.com time to read: +3 min

Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. According to a consensus of analysts’ estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Those more recent estimates were in line with a company-compiled consensus distributed by Tesla investor relations Vice President Martin Viecha. Some Wall Street analysts think Tesla’s deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023.

☆ Tesla shares tumble 10% following deliveries report
▼ + stars: | 2023-01-03 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Shares of Tesla dropped 10% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. According to a consensus of analysts' estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Some Wall Street analysts think Tesla's deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023. "We believe key debates from here will be on whether vehicle deliveries can reaccelerate, margins and Tesla's brand," the analysts said.

☆ Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
▼ + stars: | 2023-01-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Total deliveries Q4 2022: 405,278Total production Q4 2022: 439,701Total annual deliveries 2022: 1.31 millionTotal annual production 2022: 1.37 millionDeliveries are the closest approximation of sales disclosed by Tesla. These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year. In its third-quarter shareholder presentation, Tesla wrote: "Over a multi-year horizon we expect to achieve 50% average annual growth in vehicle deliveries. Shares of Tesla started to rise again in the final days of December 2022, in anticipation of record fourth-quarter and full-year deliveries.

☆ A Tesla executive laid out the company's next 5 years at an invite-only conference
▼ + stars: | 2022-09-12 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Tesla executive Martin Viecha spoke at the invite-only Goldman Sachs tech conference on Monday. Tesla wants to eventually put a cheaper vehicle on the road in time for its robotaxi service. As Tesla's head of investor relations, Viecha was speaking during the invite-only Goldman Sachs tech conference in San Francisco on Monday. "EV architecture is so different from internal combustion engine, it allows for a third revolution in automotive manufacturing," Viecha said. A cheaper Tesla EV?

☆ A Tesla executive says battery supply has improved so much that the company can buy all the cells it needs for the first time in years
▼ + stars: | 2022-09-12 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

Electric-vehicle makers have struggled for years to secure enough battery supply — but these woes are over at Tesla, for now. Tesla uses about 90% of its battery-cell supply for its electric vehicles and roughly 10% for its energy-storage products, Viecha said. He said Tesla expanded the number of its suppliers in recent years from just Panasonic to multiple battery makers, including CATL and LG Chem. Indeed, Viecha said Monday that the EV industry would grow only as fast as battery supplies could grow. "If the industry can 10X from here, the supply chain will need to 10X as well," Viecha said.

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