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Q4deliveries

All articles tagged with #q4deliveries

business-and-finance2 years ago•3 min saved

"BYD Dethrones Tesla in Global EV Sales as Q4 Records Tumble"

Tesla achieved a record number of electric vehicle deliveries in Q4, meeting its 2023 target with 1.85 million vehicles produced. Despite this, Tesla was surpassed by China's BYD as the top EV maker, with BYD delivering 526,409 vehicles in the same period. Tesla's growth and aggressive sales strategies, including discounts and free charging incentives, were not enough to maintain its leading position. The company also faces challenges such as the loss of tax credits for some models and regulatory scrutiny over its self-driving technology. Meanwhile, BYD's delivery numbers indicate that its price cuts are effectively boosting its market share.

via Reuters|

##business-and-finance #byd

business-and-finance2 years ago•1 min saved

"Rivian Q4 Deliveries Dip and Stock Declines as EV Performance Trails Behind Tesla"

Rivian's Q4 report showed a 10% drop in vehicle deliveries despite an increase in production, raising concerns about potential demand issues for its premium electric vehicles. The company's shares fell in pre-market trading as a result. While Rivian has not reduced prices despite the industry trend, continued delivery declines could force price cuts, impacting the company's already challenging profitability. Rivian's production costs remain high, with significant losses per vehicle built. However, the company did exceed its full-year production guidance for 2023 and plans to report fourth-quarter earnings on February 21.

via TechCrunch|

##automotiveindustry #business-and-finance

business-and-finance2 years ago•0 min saved

Tesla Surpasses Delivery Targets with 1.81M EVs in 2023 Despite Competitive Market

Tesla surpassed delivery expectations in Q4 with 484,507 vehicles, exceeding the FactSet consensus of 473,000. The company saw a 38% increase in annual deliveries, reaching 1.81 million vehicles for 2023. Production also rose by 35% to 1.85 million vehicles. The majority of Q4 deliveries were Model 3/Y vehicles. Tesla's full Q4 earnings will be revealed on January 24, and its stock showed a slight premarket increase, outperforming the S&P 500 over the past year.

via MarketWatch|

##business-and-finance #earnings

businessfinance2 years ago•3 min saved

"Tesla Surpasses Annual Goals with Record 1.8M Deliveries in 2023, Despite Losing EV Sales Crown"

Tesla reported a total of 484,507 vehicle deliveries and 494,989 produced in Q4 of 2023, culminating in annual figures of 1.8 million deliveries and 1.84 million produced, marking a 38% and 35% year-over-year growth, respectively. Despite economic uncertainties and controversial remarks by CEO Elon Musk, the company exceeded analyst expectations and continued to expand globally, with plans for a new plant in Mexico. Tesla will discuss Q4 results and provide 2024 guidance on January 24, 2024.

via CNBC|

##annualgrowth #businessfinance