The world’s top-seller of electric vehicles had record deliveries, aided by adding new plants in Germany and Texas. Its 422,875-unit result was generally in line with analysts' expectations.
A Tesla store in Jinan, East China's Shandong Province. Tesla cut the price of its best-selling model in China by up to 13.5% percent in January, setting off an electric car price war.Tesla, the world’s top-seller of electric vehicles, said its deliveries jumped 36% in the year’s first quarter, coinciding with big price cuts in North America and China and the temporary availability of federal tax credits for U.S. customers.vehicles, up by about 113,000 units from a year ago.
“Clearly, since the Model Y/3 price cuts were implemented early this year demand has been robust during the course of 1Q led by the key China region, which should enable Tesla to at least hit the ~420k bogey for the quarter with possible upside,” Dan Ives, an equity analyst for Wedbush Securities, said in a research note last week. “That said, the macro remains uncertain and we would not be surprised to see more slight price cuts around the edges both in the U.S.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas Tech to hire North Texas coach Grant McCasland after Mean Green win NIT championshipGrant McCasland's win in Las Vegas on Thursday night may have solidified his new gig.
Read more »
Texas Eats: Loaded Mexican Hot Dogs, Bordertown Birria, and Texas BBQThis week on Texas Eats, David Elder takes us to Barbecue Station, a classic Texas BBQ joint near the airport in San Antonio.
Read more »
Equivalent to a Forest the Size of Germany – A New Process To Capture Carbon DioxideThe research will enable the direct capture of CO2 gas from industries that are challenging to decarbonize. According to recent research, it is estimated that approximately 0.5% of global carbon emissions could be captured through the normal crushing process of rocks that are widely used in constru
Read more »
Mercedes-Benz Expands Lithium Production in Germany - CleanTechnicaThe partnership with Rock Tech will allow Mercedes-Benz to provide its battery partners with high-grade lithium hydroxide, which will aid in scaling up production of fully electric vehicles.
Read more »
Charles wins hearts in Germany as soft power pays offKing Charles III won plenty of hearts during his three-day visit to Germany, his first foreign trip since ascending to the throne following the death of his mother, Elizabeth II, last year.
Read more »