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From source: "Tesla’s Model S and Model X sales crashed by around 50% during the first quarter. One possible explanation is that buyers are waiting for an anticipated hardware upgrade and a possible design refresh. Other big reasons include the end of the full $7500 tax credit in the US and cannibalization (especially of the Model S) by the Model 3."
"We were aware that Model 3 deliveries would be down this quarter due to the market introduction in Europe and China, but Model S and Model X numbers are a bigger surprise – and possibly a worrying sign for Tesla’s high margin product line."
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