Electrek.co’s Post

In the evolving landscape of automotive technology, electric vehicles (EVs) have emerged as a beacon of innovation and environmental stewardship. However, despite their growing popularity, several barriers continue to deter potential buyers from making the switch from traditional gasoline-powered cars to EVs. Here are some of the primary concerns: Range Anxiety: A significant concern for potential EV owners is the fear of running out of battery power before reaching their destination or a charging station. Time to Recharge: The convenience of refueling a gasoline vehicle contrasts sharply with the time required to recharge an EV. Cost: The initial upfront cost of purchasing an EV remains a significant barrier for many consumers. Repair Wait Times: Another concern for EV owners is the potential wait time for repairs. In conclusion, while electric vehicles offer numerous benefits, including reduced emissions and lower operating costs, addressing these key concerns is crucial for accelerating their adoption. By improving range, reducing charging times, making EVs more affordable, and enhancing repair services, the automotive industry can overcome these barriers and pave the way for a more sustainable and electric future.

Tesla's better-than-expected Q2 deliveries are not only a breath of fresh air for Tesla's margins but also for the EV market as a whole. Although these numbers were naturally buoyed by strong auto demand in the US in general - GM's sales, out just a few moments ago, are another testament to that - the fact that the biggest EV maker in the world managed to deliver 15% more cars in Q2 than in Q1 indicates that the EV play is not dead at all - as several analysts were quick to point out a few months ago. Still, deliveries only did enough to support the ongoing rally, but they remain far from being the main catalyst for the company at this point. The real story here for investors is on the technology front, with both the humanoid robot and the Robotaxi stories developing at an exciting pace. Both - particularly when combined - have the potential to become absolute game-changers for the company's margins, leading to the type of sales Tesla shareholders expect. Read more about it on Investing.com https://lnkd.in/dT-VgSfq #Tesla #Deliveries #TeslaStock

Sharing some exciting news today! # Tesla's Stock Soars After Record Deliveries 📈 Tesla's stock price jumped over 8% today after the company reported record vehicle deliveries in the second quarter. The electric car maker delivered 466,140 vehicles, exceeding analysts' expectations and showcasing strong demand despite economic headwinds. This news reinforces Tesla's position as a leader in the EV market and signals continued growth for the company. What are your thoughts on Tesla's performance? Do you see the EV market continuing to grow? #Tesla #EV #StockMarket #BusinessNews 11/7/2024

Analysts at Wedbush forecast Tesla Inc (NASDAQ:TSLA)'s supercharger segment could be a $10 billion to $20 billion business, making up 3% to 6% of the #electricvehicle (EV)-maker’s total revenues by 2030. They wrote that #Tesla has agreed to double its current network of 5,000 #superchargers under the Biden administration’s $7.5 billion charging network.   They also highlighted that many major auto players have partnered with Tesla’s North American Charging Standard (NACS), including Ford, GM, Rivian, Mercedes-Benz, Nissa, Honda/Acura, and Polestar with Hyundai in consideration. More at #Proactive #ProactiveInvestors http://ow.ly/YM9k104Sb09 #NASDAQ #TSLA

🔦 Disappointing Q1 for Tesla. 8.5% YoY drop in deliveries. 📉 Tesla reported a decline in vehicle deliveries for Q1 2024, the first annual drop since 2020. Key numbers include 386,810 total deliveries and 433,371 total production - well under estimates. While vehicle production decreased slightly, deliveries saw an 8.5% annual drop. 📍 Model 3/Y cars comprised the majority of production and deliveries. Analyst estimates varied, with Tesla facing challenges from supply disruptions, early phase of the production ramp of the updated Model 3 and competition in various markets. Discounts and incentives had limited effectiveness, and Tesla CEO Elon Musk mandated staff to demo the latest driver assistance system. 💵 Tesla shares fell 29% in Q1, the largest decline since 2022, closing at $166.63 per share. The company will publish quarterly results on April 23. 📄 Read more at https://lnkd.in/eANJFrgp 🚗💡 #Tesla #ElectricVehicles #BusinessUpdate #BEV #FutureofMobility

Tesla Q1 auto deliveries fall 8.5%, shares drop sharply Full Article Link >>> https://lnkd.in/gZqnkWnw NEW YORK: Tesla reported an 8.5% drop in first-quarter auto deliveries , missing estimates from leading analysts and weighing on shares.Elon Musk‘s auto giant reported 386,810 deliveries over the period, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers. The automaker’s production slipped about […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Tesla just posted its first quarter vehicle production and deliveries report for 2024 including a steep decline in deliveries year-over-year and sequentially. Total deliveries Q1 2024: 386,810 Total production Q1 2024: 433,371 Deliveries, which are the closest approximation of sales reported by Tesla, fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. By comparison, vehicle production declined just 1.7% year-over-year and 12.5% sequentially for Tesla. https://lnkd.in/gFfTCKX2 Challenges abound for this company. We're seeing more (and more legitimate) competition in EVs than ever before, for one, and that's not even the half of it. #Tesla #electricvehicles #autos #sales

Tesla Q1 auto deliveries fall 8.5%, shares drop sharply Full Article Link >>> https://lnkd.in/gXt2aEjx NEW YORK: Tesla reported an 8.5% drop in first-quarter auto deliveries , missing estimates from leading analysts and weighing on shares.Elon Musk‘s auto giant reported 386,810 deliveries over the period, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers. The automaker’s production slipped about […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Tesla Delivers Once Again Tesla shares surged to their highest levels since January, driven by better-than-expected Q2 2024 production and delivery numbers, with the company delivering 443,956 vehicles and producing 410,831 vehicles, surpassing analysts' expectations. This performance comes amid a general slump in the EV market, showcasing Tesla's resilience and dominance in the industry. While other automakers like Polestar and Mercedes-Benz face significant challenges in their EV transitions, including slow sales and supply chain issues, South Korean manufacturers Kia and Hyundai are breaking sales records with their EV models. Additionally, Tesla's approval to sell carbon credits in South Korea highlights its growing influence. The EV market's evolution, despite setbacks, indicates strong potential, especially with major investments in battery production like Northvolt's planned factory in Canada, reinforcing the long-term demand for lithium. https://lnkd.in/eYpHzjbc

I think the enormous runup in the share price of Tesla, the stock, after hours yesterday is a sign investors have entered a tulip craze phase. What is the real plus about Tesla management announcing its decision to delay its much publicized robotaxi effort and, instead, speed up production of the Tesla 2, presumably a substantially lower cost EV better equipped to deliver on an expectation of ever increasing, healthy double digit sales growth? Nothing more, in my opinion, than management showing it is equipped to compete in the plain old passenger car market, the EV version thereof. What then justifies the lofty market capitalization for this business versus peers (Ford Motor, GM, Toyota Motor, Volkswagen, Stellantis)? I do not get it. What am I missing? #tesla #commoditymarkets #passengercarbusiness #evs https://lnkd.in/eZUYXnu4