_tesla39s-first-quarter-deliveries-fall-8-5-missing-analyst-expectations.jpg "Tesla's First-Quarter Deliveries Fall 8.5%, Missing Analyst Expectations from xiaomi Video Screenshot Preview")
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✓ Published: 03-Apr-2024
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✓ Published: 03-Apr-2024
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Tesla reported first-quarter vehicle deliveries of 386,810, an 8.5% drop from the year-ago quarter. Production was 433,371 vehicles, down 1.7% year-over-year. Analyst estimates for deliveries averaged 457,000, with a range from 414,000 to 511,000. Challenges included ramping up Model 3 production and factory shutdowns due to supply chain issues. Competition increased in China from brands like BYD and Xiaomi. Shares fell over 6.5% on the report.
Tesla reported first-quarter vehicle deliveries of 386,810, an 8.5% drop from the year-ago quarter. Production was 433,371 vehicles, down 1.7% year-over-year. Analyst estimates for deliveries averaged 457,000, with a range from 414,000 to 511,000. Challenges included ramping up Model 3 production and factory shutdowns due to supply chain issues. Competition increased in China from brands like BYD and Xiaomi. Shares fell over 6.5% on the report.
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