From Yahoo Finance, April 2:
Tesla's first quarter delivery total was its lowest tally in nearly three years.
Tesla (TSLA) reported first quarter global deliveries that widely missed estimates, as demand issues clearly hit the EV-maker.
For the quarter, Tesla reported 336,681 deliveries vs. 390,342 estimated per Bloomberg consensus, making it the worst quarter for deliveries since the second quarter of 2022.
"While the changeover of Model Y lines across all four of our factories led to the loss of several weeks of production in Q1, the ramp of the New Model Y continues to go well," Tesla said in a statement. The refreshed Model Y went on sale globally in March, with some analysts citing the changeover as a reason for depressed demand for its top selling vehicle.
Tesla shares dropped nearly 5% in pre-market trading.
Tesla also said it produced 362,615 units globally for the quarter and deployed 10.4 GWh of energy storage products.
Tesla sales have been stalling across most of its global territories. Earlier this week, Tesla registration data in key European regions fell in March, another sign that sales are continuing to slide in one of its key markets....
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The stock is down $14.10 in early regular trade, $254.36 last.
