Tesla

Overall, FactSet lists 47 analysts covering Tesla stock. Not every analyst provides the same estimates with the same frequency as others. Any one estimate ...

Tesla [missed](https://twitter.com/Lebeaucarnews/status/1642562674239193089) delivery estimates with the company’s dramatic early January [price cuts](https://www.barrons.com/articles/tesla-cuts-prices-china-stock-falling-51672997566?mod=article_inline) having [failed](https://www.reuters.com/article/tesla-deliveries-idTRNIKBN2VZ0BQ) to draw in buyers. beat delivery estimates as [demand is strong](https://www.barrons.com/articles/tesla-delivery-numbers-q1-2023-9126010f?mod=article_inline). ](https://www.barrons.com/market-data/stocks/tsla)

Elon Musk has previously said that affordability is the "limiting factor" for many would-be Tesla owners.

A Model S has a starting price of $89,990, while the X starts at $99,990. The top-selling Model Y starts at $54,990 in the US, while the Model 3's base price is $42,990. Tesla saw its sales rise by 36% in the first financial quarter, after two price cuts aimed at boosting demand.

Mr Musk, Tesla's chief executive, dropped prices for the company's range of vehicles by as much as 9 per cent last month, aiming to bolster sales in a harsher ...

The company has benefited from changes to the tax regime for electric vehicles introduced in the US last year. The big question will be margins as cutting prices will have an impact on this front,” he said in a note. Tesla also produced a record 441,000 cars in the period, the company announced on Sunday.

Blindly cutting prices will form a vicious competition in China's auto industry, Li Bin said at an industry conference recently. Nio's gross profit margin is ...

The Austin-based firm's gross profit margin edged up 0.3 point to 25.6 percent in 2022. Tesla's global vehicle deliveries rose 40 percent to 1.3 million in the 12 months ended Dec. The firm's gross profit margin will increase to between 18 percent and 20 percent in the fourth quarter this year, Li said during the firm's earnings conference call on March 1.

Tesla, Inc. (NASDAQ: TSLA) shares were more than 2% lower in premarket trading on Monday.

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ZF, Microsoft and AVL discuss the challenges, methods and solutions to enable a smooth transition to a continuous software deployment while ensuring software ...

[Tesla releases first quarter 2020 financial results](https://www.automotiveworld.com/oem-tracker/tesla/) [2021-22 Tesla Model Y earns highest IIHS accolade](https://www.automotiveworld.com/oem-tracker/tesla/) [Tesla to design small EV platform](https://www.automotiveworld.com/oem-tracker/tesla/) [Model S receives 5-Star Euro NCAP safety rating](https://www.automotiveworld.com/oem-tracker/tesla/) [Tesla Q4 2022 results](https://www.automotiveworld.com/articles/tesla-q4-2022-results/) [The automaker data book – Q4 2022](https://www.automotiveworld.com/research/the-automaker-data-book-q4-2022/)

Tesla has announced record production and delivery results for the first quarter of 2023, up 36% from the same period a year ago.

This includes over 95% of the lithium hydroxide, 50% of the cobalt, and more than 30% of the nickel used in its high-energy density cells (NCA and NCM).. The EV and battery storage sector is the largest consumer of lithium worldwide. They also use several other minerals barely used in other vehicles, such as lithium and graphite. Gene Munster from equity investment firm Deepwater Asset Management told reporters: “Tesla deliveries were in line with the consensus numbers, but it was a disappointment relative to some of the whispered numbers”. Tesla will post full results from this quarter on 19 April. Prices were lowered around 4% for the Model S and 9% for the more expensive Model X.

Tesla Inc (NASDAQ:TSLA) scored record sales in the first three months of the year, it said on Monday, as price cuts helped to boost demand for its electric.

Its model 3s and Ys were most sought after, making up 412,180 of the deliveries, after prices of both were slashed, with the latter falling 17% to US$54,990 during the quarter. [in a statement](https://ir.tesla.com/press-release/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-first-quarter-2023), with the figure sitting 36% higher than between January and March last year. Sales were up 5% from the previous quarter to 422,875, it said

Tesla plans to install a new charging station in downtown San Antonio next to an office building on Broadway.

[Tesla is planning](https://www.mysanantonio.com/news/local/article/san-antonio-tesla-hit-and-run-17862548.php) to add another spot for its drivers on one of the city's ever-evolving corridors. The project at 718 Broadway isn't calling for much space — 600 square feet, according to the filing. It's unknown if the charging stations will be for public use or just people working in or visiting The Soto.

First-quarter deliveries rose 36% but growth was modest because of rising competition and a bleak economic outlook. April 03, 2023 05:29 AM updated 8 ...

Tesla missed the figure analysts surveyed by Refinitiv and FactSet were expecting. "They showed an acceleration, but they did not accelerate to the level that Elon had suggested it would," Munster said. [CEO Elon Musk](http://autonews.com/topic/elon-musk), who has missed his own ambitious sales targets for Tesla in recent years, said in January that 2023 deliveries could hit 2 million vehicles without external disruption, up from 1.3 million in 2022. But the number of deliveries for its higher-priced Model X/Model S vehicles slumped by 38 percent. The basic Model Y that used to sell for $65,990 now costs $54,990. The company tweeted on Sunday that its Texas factory built 4,000 Model Y cars last week, while the automaker said in February that its German plant was

Tesla delivered 422875 of its electric cars to customers in the first quarter of 2023, including 412875 Model 3 and Y vehicles and 10695 Model S and X's.

[started delivering last December](https://www.theverge.com/2022/12/1/23488040/tesla-semi-delivery-event-electric-truck-elon-musk). [said in January](https://www.reuters.com/technology/tesla-beats-quarterly-revenue-estimates-2023-01-25/) that the company’s target is to deliver 2 million vehicles in 2023, up from 1.3 million in 2022. The company officially opened new factories [near Berlin](https://www.bbc.co.uk/news/business-60835389) and [in Texas](https://www.theverge.com/2022/4/8/23008731/tesla-texas-gigafactory-open-cybertruck-elon-musk) in March and April last year, respectively, where production is also ramping up. In January, for example, Tesla reduced the price of the long range Model Y variant [by 20 percent in the US](https://www.theverge.com/2023/1/13/23553295/tesla-price-cuts-us-europe-2023). But that 1.3 million figure actually represents [a missed target for Tesla](https://www.theverge.com/2023/1/2/23535573/tesla-vehicle-delivery-q4-2022-50-percent-growth), which had hoped to increase its deliveries last year by 50 percent to 1.4 million. [the company has announced](https://ir.tesla.com/press-release/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-first-quarter-2023). Challenges include the risk of flagging demand due to economic uncertainty, increased competition from legacy automakers, and an aging lineup of consumer vehicles that’s remained mostly static since the There are also plans to build a new factory in Monterrey, Mexico, [Tesla confirmed last month](https://www.theverge.com/2023/3/1/23571725/tesla-gigafactory-monterrey-mexico-announce-investor-day). The announcement doesn’t give much of an indication for the increase; for that we’ll likely have to wait for Tesla’s full financial results on April 19th. [introduction of the Model Y in 2020](https://www.theverge.com/2020/3/16/21182033/tesla-model-y-suv-us-deliveries-begin-price-range). [US](https://www.theverge.com/2023/3/6/23626923/tesla-model-x-s-price-cut-reduction-boost-demand), [Europe](https://www.theverge.com/2023/1/13/23553295/tesla-price-cuts-us-europe-2023), and [China](https://www.cnbc.com/2023/01/06/tesla-slashes-model-3-model-y-prices-in-china-for-second-time-in-3-months.html) impacting various models across Tesla’s range. That’s a 36 percent year-over-year increase [versus the first quarter of 2022](https://ir.tesla.com/press-release/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-first-quarter), a [4 percent increase from last quarter](https://www.theverge.com/2023/1/2/23535573/tesla-vehicle-delivery-q4-2022-50-percent-growth), and a record for the company, [according to Electrek](https://electrek.co/2023/04/02/tesla-tsla-confirms-q1-2023-record-deliveries-beats-expectations/#:~:text=The%20company%20confirmed%20that%20it,last%20quarter%20(Q4%202022).).

Tesla Inc shares fell 5% on Monday, dragged down by growing worries about the electric-vehicle maker's profit margins after aggressive price cuts led to ...

Register for free to Reuters and know the full story Tesla shares were trading at $197, having gained 9% last week in the run-up to the deliveries report. Bernstein analysts said Tesla "will need to further lower prices this year and/or next year to achieve its volume targets, incrementally pressuring margins." [(RIVN.O)](https://www.reuters.com/companies/RIVN.O) and Lucid Motors and legacy automakers including Ford Motor Co [(F.N)](https://www.reuters.com/companies/F.N), it has also raised fears about the company's industry-leading margins. "With delivery targets for the year looking slightly tough to achieve, there could yet be further pressure on the group's valuation despite its sharp falls in the last couple of years." [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) shares fell 5% on Monday, dragged down by growing worries about the electric-vehicle maker's profit margins after aggressive price cuts led to only a modest increase in quarterly deliveries.

(Bloomberg) -- Tesla Inc. increased vehicle deliveries by a slim margin despite slashing prices across its lineup, casting doubt on the staying power of the ...

Tesla (TSLA -6.35%) released its first-quarter delivery data yesterday, and the stock is in decline as a result. The company delivered a record 422,875 ...

But in the first quarter, that gap narrowed to just 4%. The company delivered a record 422,875 electric vehicles (EVs) in the first quarter, but some investors were still disappointed. But that was a big bright spot in the first quarter. So extrapolating first-quarter production out to the rest of the year isn't really applicable if demand remains strong this year and those factories continue to increase production. [TSLA](/quote/nasdaq/tsla/) -5.88%) released its first-quarter delivery data yesterday, and the stock is in decline as a result. Perhaps more important, volume continues to ramp up at its two newest factories, in Texas and Germany.

Tesla delivered 422875 electric vehicles in the first quarter of 2023, just beating Wall Street estimates of around 420000 units.

Elon Musk's Tesla on Sunday said it produced 440808 vehicles and delivered a record 422875. Deliveries were up 4% from the previous quarter.

[Here's what we did learn.](https://www.usatoday.com/story/money/cars/2023/03/02/tesla-investor-day-elon-musk/11373657002/) After January's price cuts, Tesla again dropped starting prices for select vehicles in March. [Company cuts prices as much as 20% to boost sales](https://www.usatoday.com/story/money/cars/2023/01/14/tesla-price-drop-model-y-electric-vehicle-tax-credits-sales/11054690002/) Both models saw dramatic price cuts earlier this year, with the lowest-priced Model 3 dropping 6.4% and the Model Y Long Range [ falling nearly 20% in January.](https://www.usatoday.com/story/money/cars/2023/01/14/tesla-price-drop-model-y-electric-vehicle-tax-credits-sales/11054690002/) [a series of price cuts](https://www.usatoday.com/story/money/cars/2023/01/26/tesla-price-cuts-electric-vehicle-costs/11122524002/) stoked demand.

Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of last year, despite a series of price cuts on its lower ...

But even that suggests that Tesla is below the 50% annual growth target it has set for the company long term. First quarter sales trailed production by 18,000 vehicles, less than the gap in third and fourth quarter of last year, but still equal to 4% of the vehicles it built. The company reported it completed sales of 422,875 vehicles in the quarter. The first quarter also marked the fourth straight quarter that Tesla has produced more vehicles than it has delivered to customers. That’s short of the forecast of 430,000 vehicles from analysts surveyed by Refinitiv. That 78,000-vehicle excess production is equal to 5% of the cars it has built.

Over the weekend, Tesla reported first-quarter deliveries of 422,875 electric vehicles and production of 440,808 cars. “We maintain that price cuts have and ...

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. Over the weekend, Tesla reported first-quarter deliveries of 422,875 electric vehicles and production of 440,808 cars. An independent researcher widely followed by Tesla fans and bulls, who uses the handle @TroyTeslike on Twitter, had been expecting deliveries of around 427,000. were implemented in part to enable Tesla and its customers to take advantage of tax credits available under the According to FactSet, analyst were expecting Tesla to report deliveries of around 432,000 vehicles for the quarter. "We maintain that price cuts have and will undermine industry profitability (including Tesla's), but that incumbents are deep pocketed and not likely to back down."

A jury ordered Tesla to pay over $3 million Monday in a racial discrimination case brought by a former employee of its assembly plant in Fremont, ...

US District Judge William Orrick offered Diaz $15 million in damages in the case instead, but [Diaz rejected the offer](https://www.cnn.com/2022/06/22/business/california-tesla-racism-lawsuit/index.html), choosing instead to have a new trial. [awarded him $137 million in damages](https://www.cnn.com/2021/10/05/business/tesla-racial-harassment-jury-verdict/index.html) in the case, but a federal judge threw out that award as excessive. The case was brought by Owen Diaz, who worked as an elevator operator at the plant.

A federal jury in San Francisco on Monday ordered Tesla Inc to pay about $3.2 million to a Black former employee after the electric-vehicle maker was found ...

The first jury in 2021 awarded Diaz $7 million in damages for emotional distress and a staggering $130 million in punitive damages. The award was one of the largest in an employment discrimination case in U.S. Diaz said the job made him anxious and strained his relationship with his son, who also worked at the plant. The company has denied wrongdoing in those cases. But it could be cut even further because punitive damages are typically capped at no more than nine times the amount of damages for emotional distress and other injuries, Saba said. He ordered a new trial on damages after Diaz declined the reduced $15 million award.

A former Tesla factory worker, who is Black, challenged a judge's earlier award of $15 million, but came away with less in a new trial.

The executive acknowledged that the company was “not perfect” in 2015 and 2016, but said that it had since come a long way. After the 2021 trial, Tesla’s head of human resources said the company had fired two contractors and suspended another in response to Mr. Diaz said that the offenses had taken an emotional toll on him and that he had brought them to the company’s attention, but that Tesla had done little to address them. Diaz to a hostile work environment and having failed to prevent racial harassment was not on trial. He said he had tolerated the hostilities until his son began working at the factory and faced similar treatment. [the $137 million that a different jury awarded](https://www.nytimes.com/2021/10/04/business/tesla-racism-lawsuit.html) two years ago, mostly in punitive damages.

A jury said Tesla owes $3.2 million to a Black former contract worker for failing to protect him from racial abuse — 98% less than a 2021 verdict in the ...

He also spearheaded Musk’s successful defense at a 2019 jury trial over defamation claims by a British cave diver whom the billionaire called “pedo guy” when the two traded insults on “They’re throwing numbers up on the screen like this is some kind of game show,” he said, referring to the damages Alexander requested. “To get someone in the board room to understand that you do not treat your African American employees the way Mr. In the damages retrial, a lawyer for Diaz, J. “I don’t think the truth drove the decisions here,” Lawrence Organ, a lawyer for Diaz, said after the verdict. Tesla’s strategy was to “minimize and sanitize” and “it’s just sad that those antics worked,” he said.

Owen Diaz, a former elevator operator at the company's factory in Fremont, won the verdict in a retrial over damages.

Spiro also told jurors on Friday that Diaz "lied to you." Tesla counsel Alex Spiro argued that Diaz should only be awarded damages amounting to about half of his salary, some tens of thousands of dollars, not millions. Tesla has been sued more than 200 times by current or former contractors and employees since 2018 in the U.S., according to legal records database Plainsite. Alexander also urged jurors to decide on damages in an amount that "will get Tesla's attention." He characterized the former Tesla contract worker as a confrontational person, who exaggerated issues in his testimony repeatedly. - He was previously awarded a verdict of $137 million in 2021, including punitive damages, after a jury determined Diaz had suffered civil rights violations at Tesla, and that the electric vehicle maker failed to take all reasonable steps to end and prevent the racist harassment.

Owen Diaz, the Black former worker at Tesla's Fremont factory, has seen his payout in a racial bias lawsuit slashed from $15M to $3.2M.

Originally awarded $130m, which a judge reduced to $15m, plaintiff opted for new trial against the electric vehicle maker.

The first jury in 2021 awarded Diaz $7m in damages for emotional distress and a staggering $130m in punitive damages. Diaz said the job made him anxious and strained his relationship with his son, who also worked at the plant. The amount is far less than the $15m that the plaintiff, Owen Diaz, rejected last year in opting for a new trial.

Owen Diaz accused Tesla of failing to act when he repeatedly complained to managers about employees frequently using racist slurs; The jury awarded Mr Diaz $ ...

The first jury in 2021 awarded Mr Diaz $US7 million in damages for emotional distress and a staggering $US130 million in punitive damages. The judge said those questions were related to other incidents discussed in the first trial, and that Mr Diaz's lawyers had not shown that the questioning prejudiced the jury. Tesla and lawyers for Mr Diaz did not immediately respond to requests for comment on the verdict. The jury on Monday awarded Mr Diaz, who worked as an elevator operator, $US175,000 in damages for emotional distress and $US3 million in punitive damages designed to punish unlawful conduct and deter it in the future. - The jury awarded Mr Diaz $US175,000 in damages for emotional distress and $US3 million in punitive damages Mr Diaz accused Tesla of failing to act when he repeatedly complained to managers that employees at the factory in California frequently used racist slurs and scrawled swastikas, racist caricatures and epithets on walls and work areas.

Tesla's first-quarter deliveries and production were records for the electric vehicle maker. Shares were down in trading Monday. Sam Yeh/AFP via Getty Images.

[ ](https://www.barrons.com/market-data/indexes/comp) ](https://www.barrons.com/market-data/indexes/spx)

The multimillion-dollar award is significantly less than previously awarded in the case, brought by a former employee.

But Diaz opted instead for a new trial to reassess the damages in his case. And in February, several employees at a plant in Buffalo, New York, filed a complaint with the National Labor Relations Board accusing Tesla of unfair labour practices. In one of the He cited Supreme Court precedent, which asserts that punitive damages should generally not exceed 10 times the amount of other compensatory damages. [largest penalties for employment discrimination](/economy/2021/10/5/tesla-to-pay-137m-to-former-employee-on-racism-at-work) in US history, that jury ordered compensation of $7m in damages for emotional distress and $130m in punitive damages. [electric vehicle manufacturer Tesla](/economy/2023/4/3/tesla-sales-rise-post-price-cut-but-fall-short-of-expectations) has been ordered to pay $3.2m in a [lawsuit](/economy/2023/3/28/tesla-faces-new-race-bias-trial-on-137m-verdict-that-was-cut) that alleged the company allowed for racial harassment to go unchecked at its flagship assembly plant in the United States.