All articles tagged with #quarterly deliveries
Tesla issued a pessimistic forecast for its Q4 deliveries, expecting a 15% decline to around 422,850 units, signaling a potential second consecutive annual sales decline and impacting its stock performance, amid ongoing challenges in Europe and China.
Lucid reported a 38% increase in second-quarter EV deliveries to 3,309 units, missing Wall Street estimates of 3,611 due to softer demand for luxury models amid economic uncertainty and high interest rates. Despite missing estimates, the company maintained its annual production targets, focusing on expanding its vehicle lineup with new models like the Gravity SUV and a mid-size car aimed at the $50,000 market. The broader EV market faces challenges from tariffs and rising costs, impacting automakers' strategies.
Rivian Automotive's stock surged over 15% to reach its highest level in 2023 after the company reported better-than-expected quarterly deliveries. The electric vehicle maker delivered 12,640 vehicles in the second quarter, beating market estimates and signaling that it has overcome production and supply chain challenges. Analysts have raised their price targets for Rivian's stock, with the company being seen as a potential success story in the EV industry. Despite laying off 6% of its workforce, Rivian remains focused on boosting production and aims to manufacture 50,000 cars this year.