Online Class Notes (Jesse)

Vocabulary

out of our imagination – beyond our imagination

catheter 

Pronunciation

jewelery – zhul ree / joo jer ree

don’t – doe nt
dote 

home
go
to
go to don’t total

daughter – dor da
mother – mu thuh

data – dar da 

staaaeee
pain
plane
play

Tesla delivered (deliv vad) fewer (fewa) vehicles than analysts expected in the December quarter, missing estimates despite taking the unusual step of offering hefty incentives in its two biggest markets.

The company handed over 405,278 vehicles to customers in the last three months, short of Bloomberg’s 420,760 average estimate (es tim met). While the total was a quarterly record for Tesla, the company opened two new assembly plants last year and still came up short of its goal to expand deliveries by 50 per cent (sehhhnt)

After chief executive Elon Musk predicted an ‘‘ epic’ ’ end to the year, Tesla cut vehicle prices and production in China, then offered $US7500 ($11,020) (hun druhd) in discounts in the US. Concerns about rising (rie zing) interest rates, inflation and other economic headwinds – plus alarm over Mr Musk’s antics on Twitter, which he now owns – sent Tesla shares plunging (plun jing) 37 per cent in December and 65 per cent last year.

‘‘ We believe that Tesla is facing a significant demand problem,
We believe Tesla will need to either reduce its growth targets (and run its factories below capacity) or sustain (sus taeeeen) and potentially increase recent price cuts globally, pressuring margins.’’ ’