The Model 3 and Model Y accounted for the vast majority of deliveries in the quarter, which were up only slightly from theit was an “exceptionally difficult quarter due to supply chain interruptions & China zero Covid policy,” and applauded the work from the Tesla team and key suppliers that “saved the day.”
Wedbush Securities analysts Daniel Ives and John Katsingris wrote Saturday the first-quarter sales were a “positive step in the right direction,” noting that most investors will look past the slight miss on deliveries – Wall Street analysts were on average expecting 312,000, they said. They believe delivery of roughly 20,000 to 25,000 units was pushed out of the first quarter into the second due to logistical and factory issues, “which makes this underlying demand number still look strong with a robust trajectory” for the rest of the year.
Source: Car News Wire (carnewswire.net)
Screw Elon Musk.
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