Investor's Corner
Tesla is bringing Model 3 to the Paris Motor Show ahead of vehicle’s upcoming EU release
Tesla is bringing the Model 3 to this year’s 2018 Paris Motor Show, giving the country’s reservation holders and enthusiasts the opportunity to see the vehicle in person before its official rollout to the EU region next year.
The 2018 Paris Motor Show is set to be held at the Porte de Versailles from October 4-14. Tesla is set to feature the Model 3 at the event, together with the Model S and Model X, as well as the Powerwall home battery system. Tesla’s official page in the 2018 Paris Motor Show’s website notes that the event would mark the vehicle’s second official appearance in Europe before deliveries for the region begin.
“Model 3 is making its second appearance in Europe before the first deliveries scheduled for the first half of 2019. Tariffs and information on European markets will be communicated later to holders of a Model 3 reservation.”
Back in March, Tesla CEO Elon Musk stated that the right-hand drive versions of the Model 3 would likely be released to the EU region in the summer of 2018. As the company starts hitting its stride with the production of the Model 3, Tesla has started teasing the vehicle to other territories over the past few months.
In August, for example, Tesla opted to bring the Model 3 to Australia and New Zealand, allowing reservation holders living in the countries to get some hands-on experience with the electric car. The Model 3 also became the centerpiece of Tesla’s booth at the 2018 Goodwood Festival of Speed, where the electric sedan attracted a lot of attention from attendees. Just like Tesla’s upcoming appearance at the 2018 Paris Motor Show, the company also showcased the Model S sedan and the Model X SUV at its booth at the Festival of Speed.
Tesla’s Model 3 production has been ongoing for more than a year now, and for the most part, the company has been laser-focused on ramping its manufacturing capabilities before bringing the vehicle to other regions like Europe. So far, Tesla has only started deliveries of the Model 3 in the United States and Canada, but as the company improves its run rates for the vehicle, it would only be a matter of time before the company saturates other regions with the electric sedan as well.
Elon Musk is noted to have presented the first right-hand drive Model S to customers in London roughly two years after Tesla started production of the full-sized premium sedan. While this does not mean that the Model 3 would take as long before it reaches EU shores, the company’s timeline with the Model S does provide insight that prioritization will largely be driven by volume of demand.
Tesla is currently attempting to manufacture a record number of Model 3 this quarter, with Elon Musk noting in a recent letter to employees that the company is poised to produce and deliver around twice as many vehicles as it did last quarter.
Tesla bull Wedbush has responded to the company’s lackluster Q1 delivery figures, which were released on Wednesday morning in a new note from analyst Dan Ives.
Tesla reported deliveries of 336,681 vehicles in the first quarter of the year, a far cry from the Wall Street estimate of 352,000 and whisper numbers of roughly 350,000. At first glance, it seems to be a disaster, but Tesla said it lost “several weeks of production” in Q1 due to the ramp of the new Model Y at all four of its vehicle production factories.
This could be part of the reason that the company experienced a quarter of this performance, but there are also factors stemming from CEO Elon Musk’s involvement in the U.S. government, which has created some pushback in various markets.
It’s tough to say how much of each issue caused this type of quarter, but Ives wrote in a note to investors that Wedbush could not look at this “with rose-colored glasses,” as the performance “was a disaster on every metric.”
Ives believes it is time for Musk to make a move:
“The Street and us knew a bad 1Q was coming but this was even worse than expected. The time has come for Musk….it’s a fork in the road moment. The more political he gets with DOGE the more the brand suffers, there is no debate. This quarter was an example of the damage Musk is causing Tesla. This continues to be a moment of truth for Musk to navigate this brand tornado crisis moment and get onto the other side of this dark chapter for Tesla with much better days ahead.”
Interestingly, the stock dropped over 5 percent after the delivery report. It quickly rebounded 8 percent and is currently up over 5 percent on the day after a report from Politico stated that Musk and President Donald Trump have discussed the CEO stepping back from the Department of Government Efficiency (DOGE).
Based on that, it seems that investors were looking for Musk to step back from his government duties and show more public attention to Tesla. Realistically, we do not know how much of his time is being devoted to Tesla and its EV initiative. However, it seems investors were ready to hear something along the lines of Musk being more involved and speaking openly about Tesla and its projects.
It’s not all bad. Ives still recognizes Tesla’s prowess with the rollout of robotaxi and Full Self-Driving and how much impact it could have moving forward:
“Autonomous remains the biggest transformation to the auto industry in modern-day history and in our view, Tesla will own the autonomous market in the US and globally with the launch of unsupervised FSD in Austin kicking off the autonomous era at Tesla that we value at $1 trillion alone on a sum-of-the-parts valuation…”
With that being said, he also wants Musk to balance responsibilities with DOGE and Tesla:
“BUT…Musk needs to stop this political firestorm and balance being CEO of Tesla with DOGE. The future is so bright but this is a full blown crisis Tesla is navigating now and its primarily self-inflected. We remain firmly bullish on the long-term Tesla story but Musk needs to get his act together or else unfortunately darker times are ahead for Tesla.”
Tesla shares are trading at $283.01, up 5.42% at 1:57 p.m. on the East Coast.
Investor's Corner
Tesla (TSLA) shares date for “Company Update” and Q1 2025 earnings call
Tesla seems to be planning something slightly different for the upcoming event.
Tesla (NASDAQ:TSLA) has announced the date for its upcoming first quarter 2025 earnings call.
Interestingly enough, the company seems to be planning something slightly different for the upcoming event.
Tesla Q1 2025 Earnings Call Date
As shared by Tesla in its Q1 2025 vehicle production and delivery report, the company would be holding its first-quarter earnings call on Tuesday, April 22, 2025, at 4:30 p.m. Central Time / 5:30 p.m. Eastern Time. Similar to past earnings calls, the event will be livestreamed. An archived version of the session would also be shared on the company’s website.
Prior to the earnings call, Tesla will be releasing its Q1 2025 Update Letter. The Q1 2025 Update Letter will be released after markets close on April 22.
A Company Update
Tesla enthusiasts and TSLA bulls have observed that the electric vehicle maker adjusted its wording a bit in its Q1 2025 vehicle delivery and production report. As could be seen in the release, Tesla noted that it would also be holding a “Company Update” on April 22. This is the first time that such an event has been referenced by the electric vehicle maker with its quarterly earnings call.
“In addition to posting first quarter results, Tesla management will hold a live company update and question and answer webcast that day,” Tesla wrote in its Q1 2025 vehicle delivery and production report. Tesla also referenced a “Company Update” in a post on its official X account.
Expectations are high that Tesla will discuss some of its highly anticipated projects during its Company Update. These may include, among other things, new affordable vehicles that were mentioned in the Q4 and Full Year 2024 Update Letter.
“Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next generation platform as well as aspects of our current platforms and will be produced on the same manufacturing lines as our current vehicle line-up,” Tesla wrote.
Investor's Corner
Tesla (TSLA) reports 336,681 vehicle deliveries for Q1 2025
The report was published on the company’s Investor Relations website.
Tesla (NASDAQ:TSLA) has released its first quarter 2025 vehicle delivery and production report.
The report was published on the company’s Investor Relations website.
Q1 2025 Deliveries
In the first quarter, Tesla delivered a total of 336,681 vehicles globally. This is comprised of 323,800 Model 3 and Model Y, as well as 12,881 units of Tesla’s other models.
In comparison, Tesla’s company-compiled consensus indicated that analysts were expecting 377,592 vehicle deliveries for Q1 2025. FactSet estimates were even more optimistic, with analysts expecting vehicle deliveries of 407,900 units in the first quarter.
Q1 2025 Production
Tesla produced a total of 362,615 vehicles in the first quarter across its factories globally. From this number, a total of 345,454 units were comprised of the Model 3 and Model Y, and 17,161 were comprised of the company’s other models.
In its Q1 2025 vehicle production and delivery report, Tesla noted that the changeover of its Model Y lines across Gigafactory Texas, Fremont Factory, Gigafactory Shanghai, and Gigafactory Berlin, led to the loss of several weeks’ worth of production in the quarter. The vehicle, however, is now being ramped.
TSLA Reaction
While Tesla missed analysts’ expectations, investors do not seem to be too disappointed. As per writing, TSLA stock is just down 1.87% at $263.43 per share.
Tesla Energy shines with substantial YoY growth in deployments
Tesla bull Wedbush responds to Q1 deliveries: ‘A disaster on every metric’
Tesla shares Optimus’ improved walk in new update video
-
News2 weeks agoTesla aiming to produce first “legion” of Optimus robots this 2025
-
Elon Musk1 week agoTesla CEO Elon Musk’s simple message to vandals
-
Elon Musk2 weeks agoElon Musk confirms two measures Tesla is taking to fight vandalism
-
News1 week agoTesla’s Giga Berlin director responds to anti-Musk criticism
-
Elon Musk2 weeks agoTesla owners doxxed by controversial anti-DOGE website in clear intimidation tactic
-
Elon Musk2 weeks agoElon Musk to file lawsuit against former US Rep Jamaal Bowman: “I’ve had enough”
-
Elon Musk6 days agoTesla vandal who lit Las Vegas repair center on fire arrested
-
News1 week agoTesla Model Y inventory is going fast, selling out in many U.S. states