Posted 4/2/2024, 3:30:20 PM
Tesla Misses Q1 Delivery Targets, Posts First Yearly Drop Since 2020
- Tesla's EV deliveries dropped 20% from last quarter and 8% year-over-year, the first yearly decline since 2020
- Tesla delivered 386,810 vehicles in Q1 2024, falling well short of analyst projections of 449,080
- Factors impacting deliveries factory closure in Germany, shipping disruptions, Model 3 production ramp up
- 369,783 Model 3 and Y vehicles were delivered out of 433,371 total built
- Tesla used end-of-quarter sales tactics but still missed projections, warning of slower growth between product cycles