NIO - Tesla Deliveries Decline in Q1 a First in Several Years

EV deliveries by electric vehicle production giant Tesla fell for the first time in almost four years during a disastrous first quarter that saw the Texas-based automaker fall short of performance estimates from Wall Street. With competition in the electric vehicle space heating up by the day despite slowing demand for EVs, Tesla's Q1 sales figures show that its price cuts are steadily losing their intended effect.

Data revealed that the company delivered around 386,810 electric vehicles from the start of the year until March 31, 2024, a drop of 20.2% compared to the...

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