Local car maker tumbles
Tesla's vehicle sales declined as the automaker grapples with logistical challenges and the industry faces lower-than-expected growth in EV sales. Tesla's vehicle sales have declined due to logistical challenges and lower-than-expected growth in EV sales. The automaker delivered 386,810 vehicles worldwide in Q1, down 8.5% from the same period a year earlier. The company also reported an unusually large gap between production and deliveries, producing 433,371 units, down about 7,000 from the previous year. The impact of these issues led to a 7.4% drop in Tesla's stock.
Pubblicato : un mese fa di Nathan Bomey in Auto
Tesla's vehicle sales declined as the automaker grapples with logistical challenges and the industry faces lower-than-expected growth in EV sales.
Why it matters: As the world's largest maker of premium EVs, Tesla's performance is a close EV market barometer, our Axios colleague Nathan Bomey writes.
By the numbers: The automaker delivered 386,810 vehicles worldwide in the first quarter, down 8.5% from the same period a year earlier. Deliveries are a close approximation of sales.
The company also reported an unusually large gap between production and deliveries. Tesla said it produced 433,371 units, down about 7,000 from a year earlier.
The impact: Disappointed investors drove down Tesla's stock by 7.4% in pre-market trading.