Rising Tesla Sales in First Quarter Didn’t Beat Wall Street Expectations - WSJ

Rising Tesla Sales in First Quarter Didn’t Beat Wall Street Expectations  WSJ

Tesla reports weaker than expected 6% rise in global deliveries

First-quarter increase comes as Chinese rival BYD’s electric vehicle sales fell 25% amid intensifying competition

Tesla reports 358,000 first-quarter vehicle deliveries, down 14% from last quarter

Tesla is coming off a year of declining deliveries due in part to increased competition from rivals in China offering lower-cost models.

A record 50,000 unsold Teslas are sitting on the lot

Tesla registrations fell in California. Newsday LLC/Getty Images Tesla is making way more EVs than it's selling. The automaker produced a record 50,000 extra vehicles in the first quarter. Tesla is grappling with slowing demand for EVs in the US as it pivots to robotaxis and robots. Planning to buy a new Tesla? You will have plenty to choose from. Elon Musk's automaker announced on Thursday that it had produced 50,000 more vehicles than it sold in the first three months of the year, a sign ...

Tesla falls short of Q1 deliveries expectations

Tesla Delivers 358,023 Vehicles In Q1, Missing Wall Street Expectations For Second Consecutive Quarter

Tesla Delivers 358,023 Vehicles In Q1, Missing Wall Street Expectations For Second Consecutive Quarter Tesla reported a disappointing first quarter, delivering 358,023 vehicles worldwide, falling short of Wall Street expectations of about 372,000, according to Bloomberg-compiled estimates and the company’s own release. The miss marks Tesla’s second consecutive quarter below forecasts, underscoring continued pressure on its core automotive business as it navigates slowing electri...

By Tyler Durden