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☆ As Tesla price cuts concede billions in sales, investors push Elon Musk to finally spend on ads
▼ + stars: | 2023-10-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Model 3 with opened doors stands in the showroom. But there's one thing Black has had on his mind lately: That Tesla is wasting money on price cuts to keep growth rates high. At the same time, the major price cuts continue as Musk's primary strategy to drum up more interest in Teslas. Overall, the price cuts over the past year have shaved revenue by much more, Ives estimated. In effect, Black argues that Tesla price cuts are a de facto marketing expense, saying Tesla's share losses among EVs by Tesla this year suggest price cuts alone aren't working.

Persons: Gary Black, Tesla, Elon, Musk, didn't, Kevin Paffrath, we'll, they'd, Dan Ives, Black, EVs, Ives, Allen Weiss Organizations: Tesla, Getty, CNBC, @TroyTeslike, Netflix, Cox Automotive, Teslas, Tesla's, Newsday Locations: Chicago, California, U.S, Tesla's U.S, Smithtown , New York

☆ Tesla reported 466,140 deliveries for the second quarter, and production of 479,700 vehicles
▼ + stars: | 2023-07-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

The second quarter of 2023 marked the fifth period in a row when Tesla reported a higher level of vehicles produced compared to deliveries. During the second quarter of last year, Tesla reported 254,695 deliveries, and in the first quarter of 2023, Tesla reported 422,875 deliveries. During the second quarter of 2022, Tesla produced 258,580 vehicles and last quarter it produced 440,808 vehicles. About 96% of the deliveries Tesla reported in the second quarter of 2023 were of its Model Y crossover, and Model 3 entry-level sedan in this quarter. The company said, in a statement, it will post financial results for the second quarter after the market close on Wednesday, July 19, 2023.

Persons: Tesla, TroyTeslike, Elon, Piper Sandler, Alexander E, Potter, Price, Musk, Narendra Modi, — CNBC's Ashley Capoot Organizations: Tesla, Elon, FactSet, Semi, India, Twitter, SpaceX Locations: Austin , Texas, U.S, China, Fremont , California, Shanghai, Brandenburg, Germany, Berlin, Sparks , Nevada, Monterrey, Mexico, New York, India, North America

☆ Tesla shares drop after deliveries report raises investor concern that more price cuts are coming
▼ + stars: | 2023-04-03 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Tesla shares fell more than 7% on Monday after the company's quarterly deliveries report led some investors to worry that more price cuts will be needed to drive sales, eating into margins. The record numbers represented 4% growth in deliveries from the prior period and followed repeated price cuts in the U.S., China and Europe. Sacconaghi said, "The key question for investors is what might margins be, amid significant price cuts but improving commodity costs?" According to FactSet, analyst were expecting Tesla to report deliveries of around 432,000 vehicles for the quarter. He wrote that "incremental price cuts likely needed," especially as the company ramps up production at new factories in Austin, Texas, and outside of Berlin.

☆ Tesla reports 422,875 deliveries for first quarter of 2023
▼ + stars: | 2023-04-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Tesla on Sunday posted its first-quarter vehicle production and delivery report for 2023. The company reported deliveries of 10,695 of its higher-priced Model S and X vehicles, about 2% of deliveries in the quarter. Tesla reported deliveries of 412,180 of its lower priced Model 3 sedan and Model Y crossover during the quarter. The first quarter of 2023 was marked by repeated price cuts by Tesla including in the U.S., Europe and China. Tesla shares rose more than 60% in the first quarter to close at $207.46 on Friday ahead of the production and deliveries report.

☆ Tesla cuts prices in the U.S. and Europe to stoke sales after lackluster year-end deliveries
▼ + stars: | 2023-01-13 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

The Tesla Model Y (left) and Model 3 electric cars at the company's official launch event in Bangkok on Dec. 7, 2022. The Model Y is categorized by some as an SUV and others as a crossover. However, the move in the U.S. may help Tesla qualify for more federal EV tax credits, and stoke sales volume here and abroad, after competition and interest rates increased. In Europe, Tesla cut prices on its Model 3 and Model Y vehicles in Austria, France, Germany, the Netherlands, Norway, Switzerland and the U.K.Reuters reported that in Germany, Tesla cut prices on the Model 3 and the Model Y from 1% to around 17%, depending on the configuration. Tesla's Model 3 was the bestselling electric vehicle in Germany in December 2022, followed by the Model Y.

☆ 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.

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