Analysts had expected Tesla earnings to fall sharply after a federal tax credit for Tesla vehicles diminished at the beginning of the year.
Tesla Inc. vehicles sit in a parking lot before being shipped from the Port of San Francisco in San Francisco, California, U.S., on Thursday, Feb. 7, 2019. Tesla is loading as many Model 3 sedans as it can onto vessels destined for China ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.
For the first couple years after Tesla began making its Model 3, the car that is supposed to bring electric vehicles to the masses, it faced production problems that hampered its ability to make enough cars. Now that Tesla seems to have overcome that, it is facing more difficulties delivering cars to customers, and therefore, being able to book a sale.
The figures were a troubling sign for investors in a year when Tesla has staked its future on the Model 3, expanding sales to China and Europe and shifting the vast majority of its sales and production from the flagship Model S and Model X SUV to a new model aimed at a wider market of consumers. Tesla is also facing criticism for failing to reliably deliver on its long-promised $35,000 Model 3, production and delivery challenges, and legal battles.
Tesla said this month that Model 3 deliveries had fallen from 63,150 to 50,900 because of troubles shipping the cars to their overseas destinations. Overall, Tesla said its deliveries fell 31 percent compared to the final quarter of 2018.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Robo-Rigs: The Scientist, The Unicorn And The $700 Billion Race To Create Self-Driving Semi-TrucksSelf-driving cars are at least five years away. Eighteen-wheelers are coming first, and a 34-year-old Caltech Ph.D.'s $1.1 billion startup is king of the road.
Weiterlesen »
Here's what it costs to travel to 7 popular 'Game of Thrones' destinationsHere's what it costs to travel to 7 popular 'Game of Thrones' destinations via CNBCMakeIt
Weiterlesen »
Robo-Rigs: The Scientist, The Unicorn And The $700 Billion Race To Create Self-Driving Semi-TrucksSelf-driving cars are at least five years away. Eighteen-wheelers are coming first, and a 34-year-old Caltech Ph.D.'s $1.1 billion startup is king of the road.
Weiterlesen »
Tesla investors await updates from Elon Musk on service, the Shanghai factory and Model 3 marginsTesla investors await updates on service improvements, the Shanghai Gigafactory and Model 3 margins.
Weiterlesen »
Tesla boosts range of Model S to 370 milesTesla has announced its two priciest electric car models will now come with an even longer range. That could help attract new buyers after the company reported a sales slump.
Weiterlesen »
Tesla is investigating why a Model S appeared to explode in a Shanghai parking garageVideo on Weibo showed the parked car smoking before bursting into flames
Weiterlesen »
Tesla upgrades Model S, X cars, brings backs cheaper variantsTesla Inc, struggling with delay in delivery of its higher-priced Model S and X ...
Weiterlesen »
Lucid Motors names former Tesla Model S chief engineer as CEOElectric carmaker Lucid Motors on Tuesday named Peter Rawlinson, former chief en...
Weiterlesen »
Tesla investigates viral video of Model S exploding in parking lotThere have been at least 14 instances of Tesla cars catching fire since 2013, with the majority occurring after a crash.
Weiterlesen »