{"id":615375,"date":"2024-04-03T11:30:01","date_gmt":"2024-04-03T08:30:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tesla-reports-drop-in-auto-sales-while-toyota-sees-us-surge\/"},"modified":"2024-04-03T11:30:01","modified_gmt":"2024-04-03T08:30:01","slug":"tesla-reports-drop-in-auto-sales-while-toyota-sees-us-surge","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tesla-reports-drop-in-auto-sales-while-toyota-sees-us-surge\/","title":{"rendered":"#Tesla reports drop in auto sales, while Toyota sees US surge"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af3b32d30968\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af3b32d30968\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tesla-reports-drop-in-auto-sales-while-toyota-sees-us-surge\/#Teslas_%E2%80%98unmitigated_disaster\" >Tesla&#8217;s &#8216;unmitigated disaster&#8217;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/tesla-reports-drop-in-auto-sales-while-toyota-sees-us-surge\/#%E2%80%98Mixed_outlook_for_consumers\" >&#8216;Mixed&#8217; outlook for consumers<\/a><\/li><\/ul><\/nav><\/div>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2024\/a-suspected-arson-atta.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/2024\/a-suspected-arson-atta.jpg\" data-sub-html=\"A suspected arson attack of power infrastructure impacted production at Tesla's German plant, one of the factors weighing on the company's first quarter sales.\">\n<figure class=\"article-img\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2024\/a-suspected-arson-atta.jpg\" alt=\"A suspected arson attack of power infrastructure impacted production at Tesla's German plant, one of the factors weighing on the company's first quarter sales\" title=\"A suspected arson attack of power infrastructure impacted production at Tesla's German plant, one of the factors weighing on the company's first quarter sales.\" width=\"800\" height=\"530\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                A suspected arson attack of power infrastructure impacted production at Tesla&#8217;s German plant, one of the factors weighing on the company&#8217;s first quarter sales.<br \/>\n            <\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p>Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales.<\/p>\n<p>                                                                                                                                    Elon Musk&#8217;s auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers.<\/p>\n<p>Tesla also cited the drag from an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent arson attack on power lines in Germany that dented output at the company&#8217;s lone European factory.<\/p>\n<p>Among other automakers, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Motors reported a slight dip in sales\u2014while Toyota enjoyed a surge compared with a year-ago period, when it was constrained by severe inventory issues due to COVID-19 supply chain problems.<\/p>\n<p>Analysts have been expecting about a six percent rise in overall sales in the quarter, reflecting a still strong US labor market and an improved supply picture that has eased pricing pressures.<\/p>\n<p>However, market watchers caution that many consumers still feel the pinch from higher interest rates.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Teslas_%E2%80%98unmitigated_disaster\"><\/span>Tesla&#8217;s &#8216;unmitigated disaster&#8217;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In explaining the drop, Tesla pointed to a hit from the production ramp-up of an updated Model 3 at its California factory and plant shutdowns due to shipping diversions caused by the Red Sea conflict, as well as the attack on Gigafactory Berlin.<\/p>\n<p>Financial services firm Morningstar said the decline also &#8220;points to a slowdown in demand for Tesla&#8217;s vehicles, as the company&#8217;s competitors, particularly in China, may have cut prices more than Tesla to win consumers.&#8221;<\/p>\n<p>Analysts have been girding for a tough first quarter for the high-flying Tesla, which has reportedly cut production in China in the face of the rise of BYD and other Chinese automakers.<\/p>\n<p>At the same time, an increase in EVs in other markets including the United States has led Tesla to enact price cuts, dimming the company&#8217;s profit outlook.<\/p>\n<p>&#8220;While we were anticipating a bad 1Q, this was an unmitigated disaster,&#8221; said Wedbush analyst Dan Ives.<\/p>\n<p>&#8220;We view this as a seminal moment in the Tesla story for Musk to either turn this around and reverse the black eye 1Q performance,&#8221; he added. &#8220;Otherwise, some darker days could clearly be ahead that could disrupt the long-term Tesla narrative.&#8221;<\/p>\n<p>                                                                                                        <!-- TechX - News - In-article --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%98Mixed_outlook_for_consumers\"><\/span>&#8216;Mixed&#8217; outlook for consumers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elsewhere, GM reported a 1.5 percent dip in first-quarter US deliveries. But the US giant pointed to continued strong customer demand for its vehicles, with its incentives trending below the industry average.<\/p>\n<p>While overall EV sales fell compared with the year-ago period, GM described its ramp-up as &#8220;on track,&#8221; with deliveries of its Equinox EV beginning to ship to dealers in the first half of 2024.<\/p>\n<p>Targeted at middle- and working-class consumers, the Equinox is being closely watched as a barometer of mainstream US demand for EVs.<\/p>\n<p>The first available versions of the model will start at $43,295, with the lowest priced option around $35,000 available later in 2024, according to Chevy. The average EV was priced at $52,314 in February, according to Kelley Blue Book.<\/p>\n<p>The Equinox will also qualify for a federal $7,500 US tax credit.<\/p>\n<p>At Toyota, US auto sales for the quarter jumped 20.3 percent to 565,098. The Japanese automaker scored broad-based gains across its nameplate and Lexus luxury brand thanks to a much-improved inventory situation.<\/p>\n<p>Similarly, Honda, which also experienced vehicle shortages in the 2023 period, won a 17.3 percent increase in US quarterly sales to 333,824.<\/p>\n<p>Cox Automotive Chief Economist Jonathan Smoke described the macro environment as &#8220;mixed,&#8221; noting that some potential car consumers may hold off on purchases if they expect the US Federal Reserve to cut interest rates later this year.<\/p>\n<p>&#8220;It&#8217;s not bleak, but it&#8217;s not trending positively for consumer spending to improve in the near term,&#8221; Smoke said on a conference call last week.<\/p>\n<p>Tesla shares fell 4.9 percent, while GM lost 1.1 percent and Toyota slid 0.9 percent.<\/p>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2024 AFP\n                                            <\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                <strong>Citation<\/strong>:<br \/>\n                                                Tesla reports drop in auto sales, while Toyota sees US surge (2024, April 3)<br \/>\n                                                retrieved 3 April 2024<br \/>\n                                                from https:\/\/techxplore.com\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\/2024-04-tesla-auto-sales-toyota-surge.html<\/p>\n<p>                                            This document is subject to copyright. 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Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/science\/\" target=\"_blank\" rel=\"noopener\">Science category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techxplore.com\/news\/2024-04-tesla-auto-sales-toyota-surge.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A suspected arson attack of power infrastructure impacted production at Tesla&#8217;s German plant, one of the factors weighing on the company&#8217;s first quarter sales. Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales. Elon Musk&#8217;s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":615376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/2024\/a-suspected-arson-atta.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-615375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/615375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=615375"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/615375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/615376"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=615375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=615375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=615375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}