EV giant Tesla Inc (NASDAQ:TSLA) is making its best-selling Model Y more appealing to customers from a cost perspective with price cuts and low interest rates on financing a purchase. Tesla researcher Troy Teslike believes the company is only attempting to avoid yet another bad quarter.
What Happened: The reason for these deals is not that Tesla is attempting to break records, but because Tesla wants to avoid another “very bad quarter” in terms of deliveries, Teslike said.
Teslike expects deliveries for the second quarter to be above 400,000 but “well below” the 466,140 deliveries reported by the company a year earlier. “Therefore, it’s not great,” Teslike said.
“2024 is expected to be the first year we see a decline in Tesla’s yearly deliveries,” ...