Tesla falls in premarket as 1Q deliveries fall short of Musk's target

UK EV sales reach record highs in best month ever

The Society of Motor Manufacturers and Traders (SMMT) released data Wednesday that showed new car registrations jumped to 287,825 units as supply chain challenges continued to ease, making the first quarter of 2023 the strongest three-month period since 2019. Battery electric vehicle (BEV) sales reached a record monthly high of 46,626, representing 18.6% year-on-year... More

Tesla (TSLA) reaches 88,869 Chinese deliveries in March

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) sold 88,869 units of China-made electric vehicles in March, according to data published by the China Passenger Car Association (CPCA) showed on Tuesday. That was up 35.0% from a year ago and 19.4% from February, when the U.S. electric car... More

Morgan Stanley says Tesla (TSLA) 'may require further price cuts' to reach delivery goals

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after the electric automaker reported 1Q delivery and production numbers.

Tesla delivered 423k units in the 1Q, in line with the company gathered consensus with a 4.3% increase over last quarter. 1Q deliveries annualize to just under 1.7mm units while 1Q production... More

Li Auto (LI) XPeng (XPEV) and NIO Inc. (NIO) report 1Q delivery numbers

Li Auto (NASDAQ: LI), XPeng (NYSE: XPEV) and NIO Inc. (NYSE: NIO) reported 1Q23 delivery numbers Monday, with LI leading the pack of start-ups. Li Auto announced that the company delivered 20,823 vehicles in March 2023, surpassing the 20,000 monthly delivery mark again and representing an increase of 88.7% year over year. This latest report brings Lis cumulative vehicle deliveries to 309,918 as of the end of March.

We have commenced deliveries of Li L7, our... More

Chinese EV start-ups gain on March delivery results

Several Chinese electric vehicle companies reported March deliveries and sales numbers, with BYD and GAC Aion each reporting 97% YoY delivery growth. Aion reported deliveries of 40k unit sales, up 97% YoY/33% MoM, while BYD reported its total Mar sales volume, including both passenger vehicles (PVs) and commercial vehicles (CVs), at 207k units, up 97% YoY/7% MoM.

BYD's YT-Mar sales reached 19% of Bank of Americas FY23 sales volume forecast. Sales of BYDs passenger electric vehicle (PEV) volumes grew 98% YoY to 206k... More