According to foreign media reports, after the price cut at the beginning of the year, Tesla’s electric car bookings increased significantly, with the production volume rising, the delivery volume in the first quarter of this year is also expected to be another record high.
Regarding Tesla’s delivery volume in the first quarter of this year, an executive of the sovereign wealth fund expects a quarter-on-quarter increase of at least 5%.
In the fourth quarter of last year, Tesla delivered a total of 405,278 electric vehicles to users. Based on an increase of 5%, the delivery volume in the first quarter of this year will reach 425,542 vehicles, which is higher than the current market consensus of 420,000 vehicles.
Judging from foreign media reports, executives of sovereign wealth funds expect Tesla’s deliveries to increase by at least 5% in the first quarter, due to two factors: increased demand and increased production.
On the demand side, the aggressive price reduction strategy is expected to drive sales in the two major markets of the United States and China to new highs. At the same time, with the increase in the production of Model Y at the Berlin Gigafactory, the European market is also expected to have a strong performance.
On the supply side, production is increasing. Foreign media reported in reports that Tesla’s management hinted at the investor day at the beginning of the month that they had increased production in response to price cuts. Sovereign-wealth fund executives say Tesla management’s credibility will be compromised if production falls short of expectations.
Judging from recent quarters, Tesla will announce its production and delivery volume on its official website the day after the end of each quarter. The production and delivery volume in the first quarter of this year is expected to be announced on April 2, and the final performance will be announced after the announcement.
