Part 3/9:
Despite the media's errors, the actual figures tell a slightly more optimistic story. Tesla reported delivering over 440,000 vehicles in the first quarter, a figure that exceeds some of the exaggerated estimates pushed by inaccurate reports. The company's CEO, Elon Musk, emphasized that the delivery numbers—while impacted by strategic price cuts—still demonstrated solid performance given the challenging market environment.
Analysts like Dan Ives of Wedbush pointed out that margins, rather than volume alone, remain the key focus moving forward. The consensus automotive gross margin is expected to hover around 20.5%, and investors are eager to see if Tesla can sustain or improve these margins amidst continued price adjustments.