Tesla posted its financial results for the first quarter of 2023 after market close on Wednesday, April 19, 2023.
After financial results of Q1 2023 Tesla' (TSLA) price per lot down %7.6 to $166
🔋 Vehicles Sales Increased
Q1, Model Y become most selling vehicle car.
Sales volume increased %36 in yearly basis.
📉Oversupply Might Happen
If production increases more than selling volume than oversupply might happen and if we account to price discount as well Tesla might be face a oversupply in car production.
⛔Profit Went Down
Q1, Sales was close to expectation. Total sale was 23,33 billion dollars and expectation was 23,37 billon dollar.
Net profit and earnings per share, fell more than 20%.
Review of Other's
The Motley Fool - Why I'm Avoiding Tesla Stock Right Now
Valuethemarkets - Worth the add watch list
Comments