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Tesla announced Sunday that third-quarter deliveries of its electric vehicles fell short of expectations as logistics challenges overshadowed record deliveries.
A major electric-vehicle maker said it was “increasingly difficult to secure vehicle payload at a reasonable cost,” but some analysts warned that big ticket prices amid a slowing global economy.
“The frontier economy is still having a negative impact on Tesla, mostly logistics, but I think there is some demand there,” said Dan Wedbush Securities analyst Dan.
“Dark clouds are gathering over the automotive industry. Tesla isn’t invincible either. ”
citing people familiar with the matter, that Apple was scrapping plans to ramp up production of new iPhones this year after failing to meet the expected surge in demand.
Ford Motor said last month inflation-related costs in the third quarter were $1 billion higher than he expected and parts shortages would delay deliveries.
“I think EVs are probably going to be a bit of a rough patch just because people are probably a little hesitant and less likely to buy new ones,” said Ed Moya, senior market analyst at OANDA.
“Crazy Delivery Wave”
Tesla has delivered 343,830 of his electric vehicles. That’s a record for the world’s most valuable automaker, but below his average of 359,162 that analysts had expected. A year ago, Tesla shipped 241,300 vehicles. Recent deliveries lag behind Tesla’s production of his 365,923 cars. That’s unusual for an automaker, whose deliveries have outpaced or nearly matched production for many of the past few quarters.
“As our production continues to grow, it becomes increasingly difficult to secure vehicle carrying capacity at a reasonable cost during these peak logistics weeks.” “It will smooth out the crazy supply wave at the end of the quarter, reduce acceleration costs and ease the burden on the Tesla team,” Tesla Chief Executive Elon Musk said on Sunday.
Last year, he said, the Shanghai factory built cars for export to Europe and other countries in the first half of the quarter, and then cars for sale in China, so Tesla would be able to make deliveries at the end of each quarter. “It’s going up like crazy,” he said.