The market currently widely expects Tesla to... Fourth-quarter deliveries are expected to decline. Despite the company launching a lower-priced version of its best-selling electric vehicle, the elimination of the U.S. electric vehicle tax credit and continued intensifying global competition are weakening market demand.
This decline follows the sharp drop in sales in the first two quarters of the year, when CEO Elon Musk's political remarks sparked strong backlash and led to a significant drop in car sales. Third-quarter sales were boosted by a rush of purchases before the September tax credit expired. Even so, Tesla may still record its second consecutive year of declining annual deliveries, with a more pronounced drop than last year.
In October of this year, Tesla launched the Standard versions of the Model Y and Model 3 sedan, with simplified configurations. Over the next two years, the company will also face direct competition from affordable electric vehicles from automakers such as Chevrolet and Ford.
Analysts predict that with the rollout of lower-spec models, Tesla... Sales are expected to resume growth next year. The new model is priced approximately $5,000 lower than the previous base model, which will help the company maintain sales volume in Europe and Asia, regions facing fierce competition from Chinese electric vehicle manufacturers. Tesla is expected to release fourth-quarter and full-year production and delivery figures on Friday.
Investors' enthusiasm for Tesla is mainly based on Musk's shift of the company's focus to autonomous driving. Robotaxi, humanoid robot The company continues to upgrade its production and autonomous driving technology. However, electric vehicle sales remain its core revenue source.
According to analyst forecasts from a Visible Alpha survey, Tesla's fourth-quarter deliveries are expected to reach 432,810 vehicles, a year-over-year decrease of approximately 13%. Another consensus forecast compiled by Tesla and released on Monday, encompassing 20 analysts, suggests a more significant decline in deliveries, projected to fall 15% year-over-year to 422,850 vehicles.
Visible Alpha's survey also shows that Tesla's total deliveries for the year are expected to be around 1.65 million vehicles, a 7.8% decrease year-over-year, marking the second consecutive year of decline.
Deutsche Bank In a research report, analyst Edison Yu pointed out that the decline in deliveries was mainly due to weak sales in the North American and European markets.
Despite slowing sales, Tesla's stock price has still risen more than 14% this year, further boosting Musk's personal wealth. Facing criticism for his involvement in the Trump administration's cost-cutting agency, Musk has stated that he will focus more on running his own company in the future.
A recent court ruling has cleared the way for Musk to regain his Tesla compensation package, which was previously rejected by a Delaware court. Meanwhile, shareholders approved a new compensation plan in November, with a potential value of approximately $878 billion over the next 10 years, bringing the world's richest man back into the spotlight.
Earlier this month, after news broke that his space company SpaceX might move forward with its IPO, Musk's personal wealth surpassed $600 billion, making him the first individual in history to reach that level of wealth.
(Article source: CLS)
