Part 6/12:
Though Tesla fell slightly short of its Q1 delivery target of 445,000 vehicles, recent data suggests demand remains robust. Warehouse and app download metrics indicate that Tesla's demand exceeds expectations, with delivery figures from March reflecting growth—aligning with analyst consensus estimates.
Price reductions seem to be a deliberate move to bolster demand, especially in China, where competition from Volkswagen and BYD intensifies. For instance, BYD is offering significant discounts and appears to be adjusting production at its factories, leading to a more competitive landscape. Tesla’s pricing strategy aims to sustain its market leadership amidst these pressures.