'The big picture is that something is happening around electric vehicles, ' said Gene Munster, a managing partner of venture capital firm Loup Ventures and longtime Tesla bull. On Wednesday, the stock price closed 4.61% higher, showing a daily gain of more than 8% at some point.
On Tuesday, the company reported that it delivered 95,200 cars during the quarter, more than I (or pretty much anyone) expected.
The four other cars - the five-star Tesla Model 3 and Škoda Scala plus the four-star Kia Ceed and DS3 Crossback - are now not offered in (or explicitly planned for) South Africa. According to a news release from the company, it produced 14,417 Model X and Model S vehicles and delivered 17,650 of them. After its record-breaking performance, the Chief Executive Officer of Tesla took to Twitter and spoke about an existing service named Tesla Direct that could be used to boost deliveries. Model S and Model X are more expensive compared to Model 3s. The company claims to have streamlined the shipping and delivery process. Last year's sales were apparently also affected by the drop in tax credits for Tesla buyers.
Once Tesla's backlog of pre-orders dried up, Tesla wisely shifted its delivery allotment to overseas markets.
That seemed to get them traction in the market.
Although most people associate crash testing with a auto being propelled at speed - and coming off worse for wear - into a concrete block, in reality the process consists of a number of trials. It helped move the needle. Rather, if a particular model isn't selling well, the manufacturer simply cuts prices until sales pick up. The latter marked growth of 134% year over year, 51% sequentially from last quarter, and was well above Wall Street's average estimates for 91,000 deliveries. We will base our delivery information on facts provided by Inside EVs.
While its accident avoidance technologies came in for much praise, pedestrians didn't do so well if an impact actually occurred, with the Model 3 only scoring 74 per cent in the vulnerable road users test, mainly due to scoring poorly in pedestrian head impact tests. We expect consensus estimates will be revised similarly.