this post was submitted on 02 Oct 2023
263 points (93.4% liked)

Technology

59086 readers
3617 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 
  • 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.
all 33 comments
sorted by: hot top controversial new old
[–] SinningStromgald@lemmy.world 40 points 1 year ago (1 children)

I hope Musky can hear how much I just don't fucking care if Tesla fails.

[–] Horsey@kbin.social 28 points 1 year ago* (last edited 1 year ago) (3 children)

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.ca 4 points 1 year ago

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

[–] ramblinguy@sh.itjust.works 3 points 1 year ago

Not only can I not download a car, but now I can't even download inside my car?

[–] TenderfootGungi@lemmy.world 21 points 1 year ago (1 children)

If shutdowns were planned, why were those not baked into the market estimates?

[–] darkmogool@feddit.de 18 points 1 year ago

oh no..... anyway...

[–] Squizzy@lemmy.world 7 points 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?

[–] autotldr@lemmings.world 5 points 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!

[–] PostaL@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

Where is the fall?

Where is the fall?

[–] netchami@sh.itjust.works 1 points 1 year ago

Not gonna feel sorry for them