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Tesla, in SEC filing, says U.S. auto sales fell by $2B

49 pointsby XnoiVeXover 5 years ago

8 comments

zarothover 5 years ago
Indeed this is what happens when you are production constrained and can sell higher ASP models internationally.<p>Current estimated delivery time for a Model 3 in the US is “5 - 9 weeks”. Basically they reserve about 1&#x2F;3rd of their production for US sales which is all the units in the last month of the quarter, in order to minimize the number of units in transit at the end of the quarter, because they do not recognize a sale until the car is delivered.
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_ph_over 5 years ago
Tesla is producing as many cars as they can. The production line for the Model 3 is running at full capacity for some months now. With Tesla expanding into more markets, the number of cars sold in the US have to go down. But with the new Gigafactory in Shanghai coming on line these days, the production numbers are going to climb rapidly.
cowmixover 5 years ago
They prioritize different markets on a Q by Q basis.
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dmodeover 5 years ago
Seems like a non story. Tesla prioritizing global growth and sacrificing some local demand.
maerF0x0over 5 years ago
meanwhile UAW strike cost GM $3B in 40 days. If you believe Tesla is on its way to be as big as GM then $2B is small table stakes, not big news.<p>[1]: <a href="https:&#x2F;&#x2F;www.usatoday.com&#x2F;story&#x2F;money&#x2F;cars&#x2F;2019&#x2F;10&#x2F;29&#x2F;gm-general-motors-profit-uaw-strike&#x2F;2494365001&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.usatoday.com&#x2F;story&#x2F;money&#x2F;cars&#x2F;2019&#x2F;10&#x2F;29&#x2F;gm-gene...</a>
denzil_correaover 5 years ago
&gt; U.S. sales, which account for the biggest share of the company&#x27;s total revenue, fell to $3.13 billion from $5.13 billion a year earlier. Sales in China rose 64% to $669 million and its other segment, which covers the rest of the globe, rose by more than a billion dollars to $1.83 billion, a regulatory filing showed.<p><a href="https:&#x2F;&#x2F;www.usnews.com&#x2F;news&#x2F;top-news&#x2F;articles&#x2F;2019-10-29&#x2F;tesla-filing-shows-us-third-quarter-sales-dropped-39" rel="nofollow">https:&#x2F;&#x2F;www.usnews.com&#x2F;news&#x2F;top-news&#x2F;articles&#x2F;2019-10-29&#x2F;tes...</a>
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lgatsover 5 years ago
TSLA Quarterly Report <a href="https:&#x2F;&#x2F;sec.report&#x2F;Document&#x2F;0001564590-19-038256&#x2F;" rel="nofollow">https:&#x2F;&#x2F;sec.report&#x2F;Document&#x2F;0001564590-19-038256&#x2F;</a>
wpietriover 5 years ago
Holy moly. Sales fell by more than a third: &quot;Tesla’s auto sales during the third quarter quarter took a hit, falling by more than $2 billion, or 36% from a year ago, to $3.13 billion.&quot;
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