Tesla Falls Short of Vehicle Delivery Estimates in Q1, Trails BYD as Top EV Seller

• Tesla missed Q1 vehicle delivery estimates by a wide margin, delivering only 386,810 vehicles vs expected 493,000 • Deliveries dropped 8.5% compared to last year despite analysts expecting growth • Tesla blamed upgrades, shipping delays, and factory disruptions, but weak demand appears to be a factor • Tesla produced 46,561 more vehicles than it delivered, suggesting inventory buildup
• Tesla lost its top EV seller title back to China's BYD, which delivered 300,114 electric vehicles in Q1