Dhe share price of the electric car manufacturer Tesla is under pressure on Monday morning. At the Tradegate trading venue, the listing is around 187 euros, 2 percent down. The stock ended regular trading on the Nasdaq on Friday with a premium of more than 6 percent, back above the $200 mark. Despite discounts on Monday, the share can continue to maintain this in pre-market trading.
Tesla published figures for the first quarter on Sunday, in which the group missed analysts’ expectations despite a delivery record. According to its own information, 422,875 cars were handed over to its customers in the reporting period. The compact cars Model 3 and Model Y are still the basis of the Tesla business. Of these, 412,180 vehicles were delivered in the first quarter, as Tesla announced. The more expensive and larger Model S and Model X cars made up the remainder at 10,695.
—
— (–)
For detailed view
According to Refinitiv data, however, experts had expected an average of 430,008 vehicles. Deliveries increased by 4 percent compared to the previous quarter and by as much as 36 percent compared to the same quarter last year. Tesla put production in the period between January and March at 440,808 vehicles.
The delivery record is also based on significant price reductions of up to 20 percent. Gene Munster, managing director of Deepwater Asset Management, said the deliveries were in line with expectations. However, they had been disappointing compared to some unofficial expectations. The growth of 36 percent is also below the goal of annual sales growth of 50 percent postulated by the dazzling CEO Elon Musk in the most recent earnings conference. Tesla needs to achieve greater sales growth for the rest of the year.