"Tesla delivered 358,023 EVs globally in the first three months of the year, below analysts' expectations of around 368,000. The company also produced far more than it sold, with the final tally built coming in at 408,386."
"This means Tesla only delivered about 6% more cars in the first quarter of this year than it did in Q1 2025, which was the company's worst quarter in years."
"The poor first quarter means Tesla now risks seeing its overall sales decline for a third year in a row - at a time when its profits are also tanking."
"Legacy automakers have backed away from - and in some cases, outright canceled - once-grand plans and ambitions for new EVs. Newcomers have struggled, too."
Tesla introduced more affordable versions of the Model Y and Model 3, but first-quarter sales figures fell short of expectations. The company delivered 358,023 EVs globally, below the anticipated 368,000. Production outpaced sales, with 408,386 vehicles built. This marks only a 6% increase from Q1 2025, a period affected by production shutdowns. Tesla risks a third consecutive year of declining sales amid falling profits. Other automakers also face challenges in growing EV sales, with Rivian shipping just over 10,000 vehicles in the same quarter.
Read at TechCrunch
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