Shulou(Shulou.com)11/24 Report--

According to foreign media reports on March 30, despite losing to rival BYD in the Chinese market, US investment bank Wedbush expects Tesla to deliver 420000 vehicles in the first quarter of 2023. Of these, 402000 will be delivered for Model Y and Model 3 and 18000 for Model S and Model X.

In recent months, Tesla has launched price cuts in major markets such as China, the United States, Europe, Canada, Australia and New Zealand. After the price cut, the company's demand for cars increased greatly. The company's CEO, Mr Musk, has revealed that Tesla received more than twice as many orders in January.

On Wednesday, local time, Wedbush said in a report that demand had been "strong" in the quarter since the price cuts of Model Y and Model 3 earlier this year. Dan Ives, an analyst at the investment bank, expects Tesla to cut prices "slightly" in the US and China in the coming months to "further stimulate consumer demand".

On January 25 this year, Tesla announced his financial results for the fourth quarter and the whole year of 2022. The company delivered 405278 vehicles in the fourth quarter, up 31 per cent from a year earlier, according to the results. Of this total, delivery of Model S and Model X was 17147, up 46 per cent year-on-year, while that of Model 3 and Model Y was 388131, up 31 per cent year-on-year.

Tesla expects its electric vehicle delivery to achieve an average annual growth target of 50 per cent in the next few years. In 2023, the company expects to deliver 1.8 million vehicles.

Tesla's shares tumbled 65 per cent in 2022 due to rising prices for Tesla cars, delays in some products and fears that Elon Musk, Tesla's chief executive (CEO), would be distracted by buying Twitter.

After plummeting 65 per cent in 2022, Tesla shares rebounded sharply in the first quarter of 2023. By Wednesday's close, the company's shares were up 54% this year. The rise may be due to increased optimism about the economy and markets, price cuts and positive demand prospects.

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