Tesla's disappointing first-quarter sales numbers aren't a reason to panic, but they reveal big challenges for the company, experts say

But underperformance in a single quarter is not a reason for panic, said David Whiston, an automotive analyst at Morningstar.

"I'm just not seeing anything indicating the [Model 3 sedan] demand is falling flat," Whiston said."The key will be: How does the Model 3 do in the rest of the year? If it doesn't grow ... then there is a big problem, but I'm not anticipating that to happen this year." Tesla's first-quarter deliveries do have some long-term significance, as they indicate the Model 3 will be the key to Tesla's sales performance until its Model Y SUV is released near the end of 2020, said Karl Brauer, the executive publisher for Kelley Blue Book.

"I think it's clear that the Model S and the Model X are going to be just fringe players in their total sales, and that the Model 3 has to deliver," Brauer said."They're going to have to make sure they can match the price of the Model 3 to what people are willing to pay for it."

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla boom lifts Norway's electric car sales to 58 percent market shareAlmost 60 percent of all new cars sold in Norway in March were fully electric, t... ...Lefties should be wary what they wish for...fossil fules will have to be increased for adding power plants when all go EV... Would love to see a breakdown of electric energy sources in Norway. Wind? Fossil? Hydro? I appreciate their leadership. Gee, I wonder if it's because a) the Government stayed out of the market, or b) the Government used other people's money to heavily subsidize the cost?
Source: Reuters - 🏆 2. / 97 Read more »

Tesla sales; Walgreens earnings; Boeing delayCNN's ChristineRomans has today's top business headlines before the opening bell on Wall Street ChristineRomans T E L E P R O M P T E R R E A D E R ChristineRomans ChristineRomans Fact: New York decreased its 2019 budget for the Special Olympics by $50,000 & gave each legislator a $50,000 raise I imagine this will get as much coverage as realDonaldTrump got for saving the Special Olympics budget after the media attacked Betsy Devos' proposed cuts
Source: CNN - 🏆 4. / 95 Read more »