10 Tesla Summary: Tesla's Q1 sales fell 9% to 386,810 vehicles due to increased competition and slowing EV growth.
10 Tesla Highlights Summary: Tesla's sales fell 9% to start the year due to increased competition, slowing electric vehicle growth, and price cuts. The company delivered 386,810 vehicles worldwide in Q1, down from 423,000 in Q1 2021. Tesla's first-quarter net income plummeted 55%, but its stock price surged as it plans to move up production of new, more affordable vehicles.
June 15, 2024
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