"Tesla manufactured significantly more electric cars in the first quarter than it delivered, leading to a new record number of cars on lots, totaling 50,363 unsold vehicles."
"The company manufactured 408,386 cars in the first quarter, a nearly 13% increase year-over-year, while deliveries accounted for 358,023 units."
"The Model S and Model X were discontinued on April 1, after over a decade in service, leaving just the Model 3 and Model Y to bring in the money."
"Tesla's sales performance is a win for the company, as the American car industry is facing a slowdown, but figures did not meet analysts' expectations."
Tesla has a record 50,363 unsold vehicles, with production in the first quarter reaching 408,386 cars, a 13% year-over-year increase. Deliveries were 358,023 units. The company discontinued the Model S and Model X to concentrate on robotics and automation. Despite a sales uptick, figures fell short of analysts' expectations. The American EV market is slowing, prompting other automakers to reevaluate their electrification plans. Tesla's focus is now on the Model 3, Model Y, and the Cybertruck, following the discontinuation of older models.
Read at insideevs.com
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