News @lemmy.world kinther @lemmy.world 11mo ago

Tesla (TSLA) releases Q1 2024 deliveries: disastrous results

electrek.co Tesla (TSLA) releases Q1 2024 deliveries: disastrous results

Tesla has released its Q1 2024 delivery and production numbers: confirming the suspicion that it is not growing anymore. It’s...

Technology @lemmy.world boem @lemmy.world 11mo ago

electrek.co /2024/04/02/tesla-releases-q1-2024-deliveries-disastrous-results/

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33 comments

I know I can't go five minutes on the road without seeing a Model Y, but I had no clue they made up 95% of Tesla's production.
- It makes sense. There's really no reason to get any other version, especially given the price of the X
  
  Model 3s are excellent cars, more than enough for many people, cheaper, more range. I see a lot of these
  
  Except, yknow, the vast majority of people don't need an SUV, and they're objectively pedestrian and child murder machines
- I mostly see Model 3s but do see some Model Ys.
- Which one is the model y is that the smaller hatchback one?
  
  I wouldn't say there's anything small about them, but they're the ones with the hatch
- I think I've maybe seen two Teslas that weren't Model Ys in the wild. Granted, I don't live in a big city, but still, there are plenty of Model Ys I see driving around.
  
  I live in the LA area and saw 3 of those stupid cyber trucks last week. I see a lot of 3s, the occasional X and S too. But the 3 and Y are everywhere, almost all are in white only. They're almost as ubiquitous as the Civic and Carolla were in the 90s and early 00s.
No CarPlay still.

Sad.
~~According to the data in the article, Tesla has a 1.5% YoY Q1 delivery growth. Hardly disastrous to sell more cars this quarter than in the same quarter last year.~~

~~422,875 in Q1 2023~~

~~433,371 in Q1 2024~~

Edit: I was corrected that in fact deliveries were down 8.5% YoY. That does seem disastrous, particularly since they are banking on growth.
- Production out pacing demand is a bad sign. Tesla has burned through all the early adopters (who are generally more forgiving) and they way more competition. They need to go after the early majority population.
  
  Also, Elon is no longer charming. Like it or not it matters. No one can name a CEO of another car company so there less a 1:1 correlation between Elon alienating people and a brand.
  
  And regarding the “hardly disastrous” metric, it only matters versus your competition because is measures relative performance to what was available. Taken on its own is meaningless.
  
  I'd like to believe its a combo of factors -
  
  The cars being very expensive while also becoming ubiquitous. They could get away with overpriced cars like 5-8 years ago when it was a huge flex to have one. People don't want to pay sports car prices to drive what is essentially the new Corolla (default basic removed sedan). Also any perceived street cred for choosing a "green" option was eroded because that social segment hates Elon.
  
  Tesla still has perceived quality issues from panel gaps to fires. People don't like paying premium prices for products with issues.
  
  Tesla is still the Apple of the automotive world when it comes to things like right to repair and user privacy. Their vehicles and apps collect a ton of data and telemetry. I'd like to believe this one is a show stopper for more people...but based on the continued popularity of iPhones it clearly isn't a problem for average consumers.
  
  Hey speak for yourself.
  
  Jim Farley - Ford Mary Barra - GM
  
  Don’t ask me any other companies though lol
  
  He was never fucking charming...
  
  I mean, granted for sure he's gotten worse, but I don't trust people who gave him a pass before the past couple of years.
- Yeah, but they've apparently produced ~50k more than delivered. How much does it cost them to store those extra? How much have they invested in those and not quickly recouped their manufacturing cost? So they basically have around 20% of their production numbers just sitting unsold? Those numbers anyway you cut it are very, very bad.
  
  That's also just the most recent quarter. They've been "building inventory" for the past couple of years now and it's a lot closer to 120k cars unaccounted for at this point.
- This article is about the dropping analyst predictions, leading up to the actual announcement from Tesla.
  
  The official announcement a few hours after the article was 386,810, significantly lower than even the low expectations.
  
  Thank you for the correction. That is certainly a big deal, particularly since they are banking on growth as they aren't yet a huge part of the pie. I amended my above post with your correction.
Yuck. I knew Tesla wasn't going to be immune to the EV slowdown happening everywhere...but still yuck. And I think there's a recession coming so alot of companies will be contracting this year...but still yuck.
- Well, there’s also the Musk of it all to consider. Plenty of EVs around now that don’t directly support that jackass.
Hell yeah, Lonnie! You're doing it, man. The public loves you and it shows. Keep running that website into the ground and exposing yourself as a drugged out Little-Man with terrible opinions. Drive the value of your companies DOWN until they're destroyed. Make yourself irrelevant. Erase yourself from the news and public life. I BELIEVE IN YOU!

You know what? I've got a great idea and I'll give it to you for free. Go on Shitter and blame the salaried employees who were invited to deliver sales for no extra pay. Those lazy fucks are the reason you missed your target. If they'd have worked for free, like you wanted them too, the number wouldn't be nearly so bad. In fact, it could have been another growth quarter! Ungrateful wretches!

Do this now. ^^

33 comments