"In Q2, Tesla's auto gross margins, excluding credits, fell to 14.6% due to price cuts on the Model Y that outpaced cost reductions. For Q3, Tesla introduced additional incentives, particularly in the U.S., potentially leading to a pricing headwind of $4,500 per vehicle. Wolfe Research estimates this could lower global revenue per unit by $550, with total price reductions averaging $1,000 per vehicle."
"Wolfe Research predicts Tesla will report delivering around 460,000 vehicles in Q3 2024, which aligns with the consensus estimate of 461,000 deliveries. The firm expects Tesla to see a 4% growth from Q2 2024 and a 6% year-over-year increase."
Collection
[
|
...
]