Tesla Sales Fall Way Short of Estimates

Tesla experienced a decline in vehicle deliveries during the first quarter of 2024, marking its first annual drop since the disruptions caused by the global pandemic in 2020.

Key figures show a decrease in both deliveries and production compared to the same period last year.

Despite producing fewer vehicles, Tesla managed a smaller decline in production than in deliveries.

The electric automaker faced various challenges, including supply disruptions due to Red Sea militia attacks, environmental incidents near its German factory, and increased competition in China’s EV market.

Sales of its newest model, the Cybertruck, received mixed reviews, and promotional efforts yielded less significant results, CNBC reported.

READ MORE: https://bcbegley.com/2024/04/02/tesla-sales-fall-way-short-of-estimates/

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