Reported about 23 hours ago
Tesla reported first quarter deliveries of 336,681 vehicles, missing analysts' expectations of 390,343, leading to a 5% decline in its stock price. The company attributed the shortfall to production delays related to the transition of Model Y lines across its factories, amid concerns about declining demand in key markets. Analysts are questioning whether new product offerings, including a cheaper EV model, will be enough to boost sales as the company faces heightened competition from rivals like BYD.
Source: YAHOO