$Tesla (TSLA.US)$ This post only discusses delivery data, and as for opinions on stock prices, we will open another post for discussion.
In the first quarter, 440,808 vehicles were produced, and 422,875 vehicles were delivered, exceeding Wall Street's consensus expectation of 421,519 vehicles. Those who claim the expectation was 430,000 vehicles are either foolish or malicious. I think everyone can block those few dirty things.
Let's talk about what this delivery volume really means.
First of all, this delivery volume is very good considering the data and the current economic environment. It is remarkable that it can set a record in the first quarter when the domestic economy is in a slump and auto loan interest rates in Europe and the United States are ridiculously high.
Some people say that delivering only 0.42 million vehicles in the first quarter is not enough to reach Tesla's annual target of 1.8 million units, or that a large price drop is needed to increase slightly compared to the fourth quarter of last year. It can only be said that these people have no analytical ability. Because the first quarter of each year is the slowest quarter, and historically, sales in the following quarters have been higher than in the first quarter. No nonsense, see the chart. (Due to special reasons last year) Therefore, it is completely feasible to achieve the sales target of 1.8 million in recent years.
Moreover, the growth rate in the first quarter of this year compared to the fourth quarter of the previous year is 4.3%, which is also a better performance compared to previous years. In the first quarter of 2018, it increased by 0.5% compared to the fourth quarter of 2017, and in the first quarter of 2019, it decreased by 30.7% compared to the fourth quarter of 2018. In the first quarter of 2020, it decreased by 21.1% compared to the fourth quarter of 2019. In the first quarter of 2021, it increased by 2.3% compared to the fourth quarter of 2020.22...