Tesla shares sink as car deliveries drop
"In the fourth quarter, Tesla delivered 13,500 Model S models and 14,050 Model Xs.
"But in the first quarter, that dropped to a combined 12,100 cars (my emphasis), which analysts at banking group RBC said was 'very disappointing'."
Honestly, the vast majority of us never wanted to see this. Is it permanent or temporary? What an incredible crash in deliveries of S and X.
Could this be because word has gotten around about parts shortages and months for service? Could it be that those who can afford these cars are spooked about not being able to get service from their trusted local mechanic after warranty because of restrictions on software and other necessary tools. And PARTS?! Could this be because of the high cost of repairs resulting in high insurance?
Could this be the cows finally coming home to roost? I hope not, but this sure looks bad to me. At this tenuous moment when they need to raise capital, sales suddenly drop precipitously, just as they stop the referral program? So they blame the referral program and hurredly reinstate it?
No, it is not the referral program. It is the chronic agonizing shortage of parts and restriction of vital tools to repair these cars, a practice not dared by any other car manufacturer, if we're being real about it. Oh, they had a loss last quarter mainly due to a paydown. But this drop in sales is a whole 'nother animal, in case no one else noticed.
I really hope this is not what it looks like. Don't let it be so. An interior refresh is nahahot going to fix what is wrong here, and has been for years. I don't do stocks, but $420 is now a dream.
"In the fourth quarter, Tesla delivered 13,500 Model S models and 14,050 Model Xs.
"But in the first quarter, that dropped to a combined 12,100 cars (my emphasis), which analysts at banking group RBC said was 'very disappointing'."
Honestly, the vast majority of us never wanted to see this. Is it permanent or temporary? What an incredible crash in deliveries of S and X.
Could this be because word has gotten around about parts shortages and months for service? Could it be that those who can afford these cars are spooked about not being able to get service from their trusted local mechanic after warranty because of restrictions on software and other necessary tools. And PARTS?! Could this be because of the high cost of repairs resulting in high insurance?
Could this be the cows finally coming home to roost? I hope not, but this sure looks bad to me. At this tenuous moment when they need to raise capital, sales suddenly drop precipitously, just as they stop the referral program? So they blame the referral program and hurredly reinstate it?
No, it is not the referral program. It is the chronic agonizing shortage of parts and restriction of vital tools to repair these cars, a practice not dared by any other car manufacturer, if we're being real about it. Oh, they had a loss last quarter mainly due to a paydown. But this drop in sales is a whole 'nother animal, in case no one else noticed.
I really hope this is not what it looks like. Don't let it be so. An interior refresh is nahahot going to fix what is wrong here, and has been for years. I don't do stocks, but $420 is now a dream.