Tesla Q1 Delivery Results Underwhelm
Despite huge discounts and new EV subsidies of $7,500 in the US, growth is lower than guidance
Tesla announced Q1 2023 deliveries on April 2nd and the results were underwhelming, especially in light of the high-volume 6.2% spike in Tesla’s stock last Friday, which seemed like big expectations of a Q1 delivery beat ahead of the numbers.
Figure-1 shows the various delivery estimates that tend to serve as benchmarks for Tesla’s quarterly deliveries.…