Tesla says the Model Y was the top-selling car in Europe in Q1, and the U.S. if you don’t count full-size pickups.<\/figcaption><\/figure><\/div>\n\n\n\n\u201cWe expect that our product pricing will continue to evolve, upwards or downwards, depending on a number of factors. <\/p>\n\n\n\n
\u201cAlthough we implemented price reductions on many vehicle models across regions in the first quarter, our operating margins reduced at a manageable rate. We expect ongoing cost reduction of our vehicles, including improved production efficiency at our newest factories and lower logistics costs, and remain focused on operating leverage as we scale. <\/p>\n\n\n\n
Good news<\/h2>\n\n\n\n
The company did take note of several positives during the quarter, noting tooling for the Cybertruck factory nearly Austin, Texas was on track and it was producing \u201calpha\u201d versions of the long-awaited full-sized pickup.<\/p>\n\n\n\n
It also noted the Model Y was the best-selling vehicle in Europe during the first quarter of the year, and futher claimed it was the top seller in the U.S., if you exclude full-size pickups. The company lumps deliveries of its Model 3 and Model Y together, but it delivered 412,180 of the vehicles during Q1 \u2014 an increase of 40%.<\/p>\n","protected":false},"excerpt":{"rendered":"
On the same day Tesla announced its latest round of price cuts, the company reported its first-quarter earnings results, falling short of analysts\u2019 targets. The repeated price drops ate into the EV maker\u2019s profit margins. Find out more at TheDetroitBureau.com.<\/p>\n","protected":false},"author":4389,"featured_media":231490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[1908,7,8,5,10,1164,2648,1347],"tags":[990,10590,386,9462,10589],"make":[],"post-state":[],"category_old":[],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/241887"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/4389"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=241887"}],"version-history":[{"count":3,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/241887\/revisions"}],"predecessor-version":[{"id":241890,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/241887\/revisions\/241890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/231490"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=241887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=241887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=241887"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=241887"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=241887"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=241887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}