From Quiver Quantitative:

-Tesla is projected to report a record quarter in electric vehicle (EV) deliveries but will likely fall short of CEO Elon Musk’s 2 million annual target.
-Despite industry-leading margins, Tesla is facing stiff competition, particularly in China, and has influenced price cuts and reassessment of electrification initiatives by other automakers.
-Analysts predict Tesla will reach approximately 1.82 million global deliveries in 2023, representing a 37% increase from 2022, with economic headwinds impacting demand and uncertainties facing 2024.

-Musk’s earlier confidence has been tempered by economic headwinds like higher borrowing costs impacting demand.
-The loss of federal tax credits in the U.S. and Germany’s termination of its EV subsidy program could necessitate further price cuts.
-Receiving regulatory scrutiny over self-driving systems and vehicle recalls for safety updates as it readies the launch of the Cybertruck and a more affordable car platform.



Read more: Tesla’s Record EV Deliveries Fall Short of Musk’s Ambitious Goal of $2M