"Tesla delivered 358,023 vehicles in Q1, a 6.3% increase over the same period last year, while producing 408,386 units, nearly 13% more year over year."
"Energy storage deployments also slipped, dropping to 8.8 gigawatt-hours from 10.4 GWh in the year-ago quarter."
"General Motors, the second-best-selling EV maker in the country, delivered 25,900 electric vehicles in Q1, less than one-tenth of Tesla's total."
"Rivals are quickly catching up, with the revived Chevy Bolt and the new Nissan Leaf now offering better value than the Model 3 and Model Y."
In the first quarter, Tesla delivered 358,023 electric vehicles, a 6.3% increase from last year, but fell short of analyst expectations. Production reached 408,386 units, with the Model 3 and Model Y making up the majority of deliveries. Energy storage deployments decreased to 8.8 GWh from 10.4 GWh. Despite these challenges, Tesla maintains a significant lead over competitors like General Motors, which delivered only 25,900 EVs. However, rivals are improving their offerings, posing a growing threat to Tesla's market dominance.
Read at insideevs.com
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