Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.
  • Tesla reported a decrease in total deliveries for the third quarter of 2023 compared to the previous quarter, delivering 435,059 vehicles.
  • Despite the decline in deliveries, Tesla achieved a production of 430,488 vehicles, highlighting its manufacturing capabilities.
  • The decrease in deliveries and production was anticipated due to summer shutdowns for factory upgrades and price reductions on inventory vehicles and existing models.
  • Horsey@kbin.social
    324·
    1 year ago

    I cannot for the life of me understand why anyone would buy a car without Android auto or CarPlay lmao; you wanna pay for an internet connection in your car?

    • NotSteve_@lemmy.caEnglish
      4·
      1 year ago

      I like old fashion knobs and buttons but also can’t afford a car from later than 2012 lol

    • sky@codesink.ioEnglish
      19·
      1 year ago

      It’s $99/year. If you can afford a Tesla you can afford that. The software in the car is damn good.

      • AngryCommieKender@lemmy.worldEnglish
        4·
        1 year ago

        No. Not everything should be commodified. Once I buy an appliance or a vehicle, I own it, and there is no reason, other than greed, that I should not be able to repair, modify, and use all the features that are included without paying extra fees. Life isn’t supposed to be expensive. Life is, in fact, free

        • DreadPotato@sopuli.xyzEnglish
          14·
          1 year ago

          Life isn’t supposed to be expensive. Life is, in fact, free

          And you are able to live without that car/service/thingy-madoo that costs money…all completely free.

          Commodities and luxuries however do cost money to obtain and use…

        • sky@codesink.ioEnglish
          16·
          1 year ago

          Just like when you buy a new cell phone and it comes with free service for life, right?

          Oh. You mean things with ongoing costs cost money? How sad.

      • PeachMan@lemmy.worldEnglish
        7·
        1 year ago

        Yeah it seems like it just took a little dip today and went back up, it’s higher now than it’s been most of the past week. Articles like this are dumb lol, stock prices are so random and volatile.

  • Squizzy@lemmy.worldEnglish
    6·
    1 year ago

    How do price reductions lower the deliverables?

    And if it was due to it being inventory stock shouldn’t they have pumped up the numbers?

    Everything I’ve heard from Tesla is they don’t have stock they just constantly churn out cars because they have a waiting list, where is this inventory stock coming from?

  • AutoTL;DR@lemmings.worldBEnglish
    5·
    1 year ago

    This is the best summary I could come up with:

    Oct 2 (Reuters) - Tesla (TSLA.O) missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.

    Some analysts believe the upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to refresh its line-up with models that could compete better with offerings from U.S. rivals such as Ford and BYD in China.

    Deliveries of the updated and higher-priced Model 3 compact sedan are expected to start in the fourth quarter, while a Cybertruck launch event is also planned later this year.

    Tesla has also been cutting prices aggressively to counter the effect of a slowing EV market, while fending off competition from upstarts and legacy players.

    “They are going to keep the pressure up on their competitors,” said Thomas Martin, senior portfolio manager at Globalt Investments, which holds Tesla shares, adding the company could cut prices even further.

    Meanwhile, electric-pickup maker Rivian Automotive (RIVN.O) reported third-quarter deliveries above analysts’ estimates and reaffirmed its annual production target of 52,000 vehicles.

    The original article contains 407 words, the summary contains 182 words. Saved 55%. I’m a bot and I’m open source!

  • Bell@lemmy.worldEnglish
    1044·
    1 year ago

    I will never understand why a best-in-class, made-in-america car gets so much hate from Americans.

    • specseaweed@lemmy.worldEnglish
      47·
      1 year ago

      Because its terrifying to drop $50k on a car whose future is tied to someone who is so obviously unhinged. Many companies are led by weirdos, but its a real problem when you don’t know if your car is going to work right based on the whims of said weirdo.

      Also, Musk has absolutely lied his ass off for years about the capability of the car.

      I owned a 2018 Model 3 LR and it was nothing but trouble. I couldn’t even use the cruise control because it would randomly smash the brakes on the freeway, even when there were no other cars around. My door panel would catch on the other panels when it opened, causing a decent sized dent. The trunk leaked. They would do updates that moved everything around and suddenly you can’t find the screen that opened the glove box. But it did make fart sounds hurr durr.

      No thanks.

    • rauls4@lemm.eeEnglish
      351·
      1 year ago

      Because it’s lead by narcissist, antisemite, egomaniac.

      • ihavenopeopleskills@kbin.social
        116·
        1 year ago

        If you’re going to cite antisemitism, please tell me you don’t own any of these…

        • any Chrysler/Dodge/Jeep from the late 90s to the late 2000s
          (Mercedes-Benz’ parent company partially owned Chrysler back then)
        • any Ford, Lincoln, Mercury or Merkur
          (company started by Henry Ford)
        • Chrysler Crossfire, Dodge Charger, 2011-generation Jeep Grand Cherokee
          (all built on Mercedes-Benz platforms)
        • Hino
        • Sprinter
        • Mercedes-Benz
        • Mercedes-AMG
        • Audi
        • Bentley
        • Lamborghini
        • Seat
        • Skoda
        • Volkswagen
        • BMW
        • current-generation Toyota Supra
          (made by BMW)
        • any Mini
          (owned by BMW)
        • any Porsche

        Volkswagen was literally started by the Third Reich and, along with Auto Union (then-parent of Audi), BMW, Ford, Mercedes-Benz and Porsche, utilized slave labor during WWII.

        Henry Ford received the highest civilian honor bestowed by the Third Reich, the Grand Cross of the German Eagle.

        While we’re at it, make sure you don’t have anything from the Associated Press (censored for and collaborated with the Third Reich), Chase (sold war bonds for the Third Reich), Hugo Boss (slave labor and Propaganda materials), IBM (provided information processing for extermination of Jews) or Agfa / BASF / Bayer (came from IG Farben, makers of Zyklon B used to exterminate Jews in gas chambers).

        Do I use any of the above? Yes. My work van was assembled by Ford Otosan of Turkey. I have an upcoming trip insured by Allianz (provided insurance for concentration camp facilities and workers). I’m not the one objecting on the grounds of antisemitism, though.

        I’ve never seen evidence of Elon Musk being an antisemite, but for the sake of discussion, let’s say it’s true. How many Jews have he or his enterprises exterminated?

        Oh, and crush Hamas, people who properly exterminate Jews.

        🇮🇱

    • Telodzrum@lemmy.worldEnglish
      322·
      1 year ago

      Because it’s not best in class and is made by nonunion labor? Honestly, even without the shitty dumbass owner, I’d never buy a Tesla because build quality and QA is shit tier.

    • BetaBlake@lemmy.worldEnglish
      23·
      1 year ago

      Because at it’s most basic level it’s not a good car, they aren’t well made, maintenance is expensive, and Elon should not be supported.

    • downpunxx@kbin.social
      16·
      1 year ago

      Elon Musk is a fascist garbage person, and maybe most Americans actually give a fuck about that when deciding which brands should be supported and which shouldn’t be

    • nowwhatnapster@lemmy.worldEnglish
      63·
      1 year ago

      Lotta hate in the comments here. I’ll speak to the car objectively. TLDR: it’s a great car, BIC and competitively priced, auto wipers are hit or miss. I’d buy it again given today’s options.

      I have a 2018 M3 RWD. 50k miles on it. Maintenance wise it’s one set of tires, a couple air filters, tire rotations and brake caliper lubes in that time. There was one mechanical failure, lower control arms which were covered under warranty.

      This excludes folks smashing into the parked car twice and related bodywork repairs.

      I did pay out of pocket for new side repeater cameras that don’t have the blinker occlusion at night. I sold the old repeaters on eBay so it was basically break even. Little bit of hassle for something I felt should have been covered under warranty.

      Software wise it was unstable in some of the early 2019 releases. Things like cellular disconnecting, backup camera lag, have all been sorted out now. Yes the UI changed a bunch over that time and not always for the better. But generally it’s advanced in a good direction. I’m considering these items early adoption issues and now that they’ve been resolved, do not factor into my opinion of the car.

      My biggest issue with car is the auto wipers not functioning consistently. Very hit or miss and have to switch to manual mode.

      FSD beta: I paid $5k for it. I don’t think it’s worth more than that. Did they deliver what was promised? No not really, it was over hyped. Highway driving is pretty solid I use it frequently though stop and go can be a bit rollercoastery at times. City streets has a ways to go still. Sometimes it navigates complexitys impressively well. Other times it fails on the most mundane task.

      That being said it’s been an absolute blast watching it progress over time. It’s made massive steps forward, but every two steps forward there was always a regression elsewhere.

      I don’t think FSD really influences my car purchase at this point. Do I regret buying it? No, not for the price I paid. If we exclude it for a moment, the M3 is still a best in class car in my option. I don’t see another model on the market with the same range and price point. Even when comparing it to say a Toyota Camry hybrid. It’s the same price with current incentives. And you don’t have to deal with a dealership their markups and high pressure sales BS.