Tesla Sales Soar, But Analyst Forecasts Challenging Business Conditions

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Tesla Sales Soar, But Analyst Forecasts Challenging Business Conditions via InsideEVs

, the world’s best-selling car in Q1 2023 and Tesla’s major volume driver, now starts at $47,740 in the US – down from over $50,000 in April 2023.

He also said that Tesla will either fall short on deliveries at some point over the next four to six quarters or the brand might continue to cut prices to drive growth. Bernstein also forecasts an"underperform" rating for Tesla, and the near impact ofThe analyst said that even though Tesla’s NACS is likely to become the default charging standard in the US, its user base won't expand significantly.

Right now Tesla has 80 percent of the EV installed base in the US. Adding 20 percent of cars that can use that network, is not a big deal. Tesla’s supercharging revenue last year was $600 million, which is less than one percent.were released. We’ve recently analyzed the quarterly sales, which appeared robust and broke many records.

The Austin-headquartered brand increased production by 86 percent over the same period last year, to 479,700 units, a new quarterly record. The previous record was set by Tesla as well, in Q1 2023, when it manufactured 422,875 vehicles. It’s estimated that the brand might produce and deliver some 1.8 million EVs this year. Lion’s share of the sales is likely to be grabbed by the Model Y and

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