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Tesla 1Q deliveries: They produced over 433,000 vehicles but only delivered 387,000. (bsky.app)

submitted 8 months ago by [email protected] to c/[email protected]

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https://bsky.app/profile/peark.es/post/3kp5mydpphw2l

Article - Tesla Produced Over 433,000 Vehicles and Delivered Approximately 387,000 Vehicles in 1Q 2024 >TSLA - MarketWatch

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[–] [email protected] 1 points 8 months ago

Why are Tesla deliveries down?

The EV company blamed the decline on the early phases of a production ramp up for the updated Model 3, as well as factory shutdowns caused by the Red Sea conflict and an arson attack at a Berlin factory.

Consumer sentiment may also play a role. Reuters on Monday reported that a recent survey by market intelligence firm Caliber found the number of would-be Tesla buyers in the U.S. is shrinking in part because of CEO Elon Musk’s polarizing persona.

Tesla delivery numbers are down and stock prices are falling as a result