Tesla’s rare drop in deliveries: analysts call it a total disaster!

On Tuesday, U.S. time, Tesla announced car deliveries for the first quarter of 2024., The data shows that,
Tesla delivered 386810 cars in the first quarter of this year, down 8.5 percent from the same period last year, and down about 20.2 percent from the fourth quarter of last year., This is also since the suspension of production in 2020,
Tesla’s quarterly deliveries fell for the first time year-over-year, and the company’s share price fell later., Tesla’s first-quarter deliveries were also significantly lower than market expectations, with analysts on average expecting Tesla deliveries of about 457000 vehicles, according to FactSet data., After Tesla released car production and delivery data, some analysts bluntly rated Tesla’s performance as “ugly”., Dan Ives, an analyst at Wedbush Securities, said: “We have to get straight to the point:
Although we expected a poor performance in the first quarter, it was actually a complete disaster and it was difficult to find a reasonable explanation. “, The analyst further pointed out: “We believe this is a critical moment in Tesla’s history, and Musk will either take action to reverse the unfavorable situation in this quarter… or else, there may be more difficult days ahead, which will have an impact on Tesla’s long-term story.”,, [end of this article] if you need to reprint it, please be sure to indicate the source: fast technology, responsible editor: black and white, return to the first electric network home page>,