New Tesla Model 3 not coming to North America until early 2024 - Drive Tesla

Go back to New Tesla Model 3 not coming to North America until early 2024 - Drive Tesla

Deutsche Bank warns of downside risk on Tesla (TSLA)

September 7, 2023 3:10 PM EDT

Deutsche Bank hosted investor meetings with Tesla as part of the IAA Cars Conf. In the very near term, we came away with the sense there could be downside risk to investors expectations for volume and margin in Q3, reflecting planned summer production shutdowns which will push both production and deliveries down QoQ, discounts on inventories, and limited positive costs offsets... More

Don't be surprised if Tesla (TSLA) continues to cut EV prices into 2024 - Bernstein

September 7, 2023 7:00 AM EDT

Bernstein analyst Toni Sacconaghi reflected on the new price cuts that Tesla (NASDAQ: TSLA) implemented in the U.S.

The price of the Model S Long Range (LR) has notably decreased by $50,000 since November 2022, representing a significant drop of 37%.

We note that Model S/X have accounted for 8% of automotive sales YTD, pointing to an incremental 150 bps headwind to automotive GMs going forward, all else equal, Sacconaghi said in a client note.

In... More

Tesla (TSLA) China celebrates 2M vehicle production milestone

September 6, 2023 1:32 PM EDT

On Wednesday, Tesla's China branch made an announcement about a significant achievement at their Shanghai facility. Through their social media channels, the company shared that Giga Shanghai has reached the remarkable milestone of manufacturing its two millionth vehicle in less than four years since the plant commenced its... More