Tesla sales fell for the first time since 2020

Tesla shared vehicle production and delivery information for the first quarter of 2024.

Accordingly, the company produced 433 thousand 371 vehicles in the first quarter. Tesla produced 2023 thousand 440 vehicles in the first quarter of 808.

While the number of vehicles delivered by Tesla in the first quarter of this year was 386 thousand 810, this number was well below the market expectations of around 450 thousand. In the same period last year, 422 thousand 875 vehicles were delivered.

First decline since 2020

Thus, the number of vehicles delivered by Tesla decreased by 8.5 percent for the first time since 2020.

Tesla faced a number of difficulties, such as supply problems due to the attacks in the Red Sea and production in its Berlin factory coming to a halt due to a power outage.

The company's shares lost 4.9 percent yesterday after it published production and delivery information. This year, the total loss reached 32,9 percent.

In this process, the market value of the electrical manufacturer decreased by approximately 259 billion dollars, falling to 530.7 billion dollars.