"Tesla's delivery of 358,023 vehicles in Q1 2026 was not only a lead over BYD but also a miss against Wall Street's expectations, leading to a stock decline. The gap between production and deliveries, with over 50,000 units added to inventory, signals a demand issue rather than a logistics problem."
"Despite a year-on-year increase of 6.3% in deliveries, the growth came from a weak Q1 2025, which was impacted by production shutdowns. The Model 3 and Model Y accounted for the majority of deliveries, while the Cybertruck showed a notable increase in sales."
In Q1 2026, Tesla delivered 358,023 battery electric vehicles, surpassing BYD's 310,389 sales. However, this figure fell short of Wall Street's expectation of 365,645, causing Tesla's stock to drop over 5%. The company produced 408,386 vehicles but only delivered 358,023, indicating a demand issue. Year-on-year, deliveries increased by 6.3% from Q1 2025, but this was from a low base. The Model 3 and Model Y dominated deliveries, while the Cybertruck saw a significant increase. BYD's sales were affected by seasonal factors, with a total of 700,463 new energy vehicles sold.
Read at TNW | China
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