{"id":5931,"date":"2019-01-02T15:14:06","date_gmt":"2019-01-02T15:14:06","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/tesla-shares-drop-on-disappointing-quarterly-results\/"},"modified":"2019-01-02T15:14:06","modified_gmt":"2019-01-02T15:14:06","slug":"tesla-shares-drop-on-disappointing-quarterly-results","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/tesla-shares-drop-on-disappointing-quarterly-results\/","title":{"rendered":"Tesla shares drop on disappointing quarterly results"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape has-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Tesla chief executive Elon Musk speaks during a company launch event\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/20FB\/production\/_105034480_gettyimages-490597708.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    Tesla chief executive Elon Musk speaks during a company launch event<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">Tesla shares have fallen after the electric carmaker revealed that it missed expectations for deliveries and will be cutting its vehicle prices by $2,000 in the US.<\/p>\n<p>The price cut, which will apply to  Model S, Model X and Model 3 cars, is in response to a reduction in green tax credits.<\/p>\n<p>Tesla said it delivered 90,700 vehicles in the three months to December.<\/p>\n<p>Its shares fell by about 8% at the start of US trading.<\/p>\n<p>Ahead of the price cut announcement, chief executive Elon Musk urged Tesla customers to make use of federal tax credits.<\/p>\n<p>Worth around \u00a36,000 ($7,500), the credits are set to reduce by half after the first 200,000 Tesla vehicle deliveries in the US. <\/p>\n<p>The company said it delivered 63,150 Model 3s in the quarter, falling short of FactSet estimates of 64,900.<\/p>\n<p>In its previous results statement, the company promised to focus on increasing its production rate.<\/p>\n<p>Tesla has been struggling to ramp up production of its Model 3 sedan, which is crucial to the company&#8217;s long-term profitability.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46739805\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Image caption Tesla chief executive Elon Musk speaks during a company launch event Tesla shares have fallen after the electric carmaker revealed that it missed expectations for deliveries and will be cutting its vehicle prices by $2,000 in the US. The price cut, which will apply to Model S, Model X &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5931"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5932"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}