Tesla’s second-quarter deliveries rose 83% from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of U.S. government tax credits
DETROIT — — Tesla's second-quarter deliveries rose 83% from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of U.S. government tax credits.
Tesla's sales were better than Wall Street expectations. Analysts polled by data provider FactSet expected deliveries of 445,000 for the quarter. CEO Elon Musk has predicted that sales will grow about 50% per year for the near future. To reach that number for the full year, the company would have to sell 1.97 million vehicles. Analysts expect Tesla to fall a little short, delivering 1.82 million vehicles for the year.
But sales were almost certainly boosted by a $7,500 U.S. government tax credit from the Inflation Reduction Act that was available on nearly all Tesla models during the second quarter. Tesla's automotive gross profit margin , the company's gross profit compared to revenue, was as high as 30% early last year. But as interest rates rose, Tesla began cutting prices last year, and the margin fell to 19% in the first quarter. Analysts expect 16.9% from April through June, according to FactSet.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
83-year-old man becomes street musician to raise money for Alzheimer's researchWhat would compel an 83-year-old retired businessman to become a street performer, playing for spare change and bills dropped in a bucket? It's just three factors, according to Larry Kingsley: Love, loss and purpose.
Baca lebih lajut »
Judge denies Oakbrook Terrace a temporary halt, rules city must take down red-light cameras at Rt. 83 and 22nd Street during court appealAn appellate court judge rejected a request from the city of Oakbrook Terrace to keep the red-light cameras in place at Rt. 83 and 22nd Street as the city appeals a court ruling to permanently remove them.
Baca lebih lajut »
Yet Another EV Charging Network Will Adopt Tesla’s NACSEV station builders are starting to get on the NACS train, after automakers' sudden moves to embrace Tesla's connector standard.
Baca lebih lajut »
Tesla NACS Charger: All the Upcoming Compatible EVs and Charging NetworksThese EVs will soon gain access to Tesla's Supercharger network, and these other charging networks will also adopt the NACS plug.
Baca lebih lajut »
Electrify Canada plans to add Tesla-style plugs to its chargersThe announcement comes as even more automakers get on board with Tesla\u0027s North American Charging Standard (NACS) connectors
Baca lebih lajut »
Take A Peek Behind The Scenes Of The Tesla Model Y’s DevelopmentTesla invented a new alloy that can achieve high levels of strength and durability without needing to be heat treated with giant ovens.
Baca lebih lajut »