Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.
  • Tesla reported a decrease in total deliveries for the third quarter of 2023 compared to the previous quarter, delivering 435,059 vehicles.
  • Despite the decline in deliveries, Tesla achieved a production of 430,488 vehicles, highlighting its manufacturing capabilities.
  • The decrease in deliveries and production was anticipated due to summer shutdowns for factory upgrades and price reductions on inventory vehicles and existing models.
  • Horsey@kbin.social
    281·
    1 year ago

    I cannot for the life of me understand why anyone would buy a car without Android auto or CarPlay lmao; you wanna pay for an internet connection in your car?

    • NotSteve_@lemmy.caEnglish
      4·
      1 year ago

      I like old fashion knobs and buttons but also can’t afford a car from later than 2012 lol

    • sky@codesink.ioEnglish
      19·
      1 year ago

      It’s $99/year. If you can afford a Tesla you can afford that. The software in the car is damn good.

      • AngryCommieKender@lemmy.worldEnglish
        4·
        1 year ago

        No. Not everything should be commodified. Once I buy an appliance or a vehicle, I own it, and there is no reason, other than greed, that I should not be able to repair, modify, and use all the features that are included without paying extra fees. Life isn’t supposed to be expensive. Life is, in fact, free

        • DreadPotato@sopuli.xyzEnglish
          14·
          1 year ago

          Life isn’t supposed to be expensive. Life is, in fact, free

          And you are able to live without that car/service/thingy-madoo that costs money…all completely free.

          Commodities and luxuries however do cost money to obtain and use…

        • sky@codesink.ioEnglish
          16·
          1 year ago

          Just like when you buy a new cell phone and it comes with free service for life, right?

          Oh. You mean things with ongoing costs cost money? How sad.

      • PeachMan@lemmy.worldEnglish
        8·
        1 year ago

        Yeah it seems like it just took a little dip today and went back up, it’s higher now than it’s been most of the past week. Articles like this are dumb lol, stock prices are so random and volatile.

  • Squizzy@lemmy.worldEnglish
    7·
    1 year ago

    How do price reductions lower the deliverables?

    And if it was due to it being inventory stock shouldn’t they have pumped up the numbers?

    Everything I’ve heard from Tesla is they don’t have stock they just constantly churn out cars because they have a waiting list, where is this inventory stock coming from?

  • AutoTL;DR@lemmings.worldBEnglish
    3·
    1 year ago

    This is the best summary I could come up with:

    Oct 2 (Reuters) - Tesla (TSLA.O) missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.

    Some analysts believe the upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to refresh its line-up with models that could compete better with offerings from U.S. rivals such as Ford and BYD in China.

    Deliveries of the updated and higher-priced Model 3 compact sedan are expected to start in the fourth quarter, while a Cybertruck launch event is also planned later this year.

    Tesla has also been cutting prices aggressively to counter the effect of a slowing EV market, while fending off competition from upstarts and legacy players.

    “They are going to keep the pressure up on their competitors,” said Thomas Martin, senior portfolio manager at Globalt Investments, which holds Tesla shares, adding the company could cut prices even further.

    Meanwhile, electric-pickup maker Rivian Automotive (RIVN.O) reported third-quarter deliveries above analysts’ estimates and reaffirmed its annual production target of 52,000 vehicles.

    The original article contains 407 words, the summary contains 182 words. Saved 55%. I’m a bot and I’m open source!