Tesla's Delivery Surge: Navigating Political Backlash and Global Competition

Tesla's first-quarter deliveries are projected to increase by nearly 10% compared to a slump in the previous year caused by backlash against Elon Musk's political rhetoric. The electric vehicle giant is set to release its delivery figures before the markets open on Thursday.

Analysts polled by Visible Alpha estimate Tesla will deliver around 368,900 vehicles from January to March, marking a 9.6% year-over-year growth, though this represents an 11.8% sequential decline. The consensus from 23 Tesla-compiled estimates stands at 365,645 units. Challenges remain as competition intensifies in Europe and China, and the expiration of a $7,500 federal tax credit in the U.S. impacts demand.

New registrations of Tesla cars saw significant growth, tripling in France in March and more than doubling in the Nordic countries. Although Wall Street predictions suggest modest growth for the year, some analysts foresee a potential decline. Visible Alpha data anticipates deliveries reaching 1.7 million vehicles in 2023 and 1.84 million in 2027. Tesla is diversifying beyond EVs, eyeing solar energy, humanoid robots, and autonomous robotaxis as future business pillars.