(Boursier.com) — You’re here , which fell 6.1% last night on Wall Street after the announcement of global quarterly sales deemed a little short, regained some ground before the market on Tuesday. The group sold 88,869 Chinese-made vehicles in March for domestic sales and exports, up 35 percent from a year earlier, according to data from the China Passenger Car Association (CPCA). This also marks an increase of 19.4% compared to February. Rival BYD for its part sold 206,089 units last month with its electric and hybrid Dynasty and Ocean series, up more than 97% compared to last year according to the CPCA.
You’re here It should be remembered that it published record figures for its first quarter on Sunday, demand having been stimulated by sharp declines in vehicle prices. In the first quarter of 2023, Elon Musk’s group produced more than 440,000 cars and delivered more than 422,000 units. More specifically, Tesla produced 440,808 units, including 421,371 Model 3 and Y, and 19,437 Model S and X. Deliveries over the quarter amounted to 422,875, including 412,180 Model 3 and Y and 10,695 Model S and X. With 422,875 units delivered in total, Tesla did better than the Bloomberg consensus (421,000) but less well than the Refinitiv consensus which was 430,000. Shipments were up 4% sequentially from the prior quarter and 36% from a year ago.
©2023 Boursier.com