I warned that Tesla TSLA 0.00%↑ Q4 deliveries would be ugly, even versus my typically below market estimate for 422.9k deliveries (see my report out Friday: Tesla Q4: Elon's Burning It All Down).
Even my number proved too high.
Tesla trailed badly versus my forecast and rapidly falling market consensus—and, again, Tesla’s own forecast for 50%y/y growth—with Q4 deliveries at 405,278, up 31.3%.
This confirmed my long voiced concerns that Tesla’s momentum in 2022 would stall and its years of dominance would be overtaken when robust, rapidly expanding competition in every major market meets Tesla and its long persisting and self-inflicted flaws—based on well-defined patterns I have tracked for years.
I've long warned 2H this year will mark the passing of Tesla's dominance—mainly because the larger EV mkt is catching up & doing EV better.
Fading China sales & Elon's Twitter mess is taking it down even faster.
$TSLA $TWTR $F $GM $TM
https://t.co/ITelnl2D1z
I’ll have more discussion in an upcoming report.
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Tesla Q4 Deliveries: Bigger Miss Than Even I Expected
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I warned that Tesla TSLA 0.00%↑ Q4 deliveries would be ugly, even versus my typically below market estimate for 422.9k deliveries (see my report out Friday: Tesla Q4: Elon's Burning It All Down).
Even my number proved too high.
Tesla trailed badly versus my forecast and rapidly falling market consensus—and, again, Tesla’s own forecast for 50%y/y growth—with Q4 deliveries at 405,278, up 31.3%.
This confirmed my long voiced concerns that Tesla’s momentum in 2022 would stall and its years of dominance would be overtaken when robust, rapidly expanding competition in every major market meets Tesla and its long persisting and self-inflicted flaws—based on well-defined patterns I have tracked for years.
As I just posted:
I’ll have more discussion in an upcoming report.
Stay tuned.
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