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Tesla's first-quarter deliveries miss expectations
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Tesla's first-quarter deliveries miss expectations
Apr 2, 2024 6:48 AM

April 2 (Reuters) - Tesla missed estimates for

first-quarter deliveries on Tuesday, as it battled competition

from upstarts and established players in major markets, while

facing a softness in demand for its aging line-up of electric

cars.

The electric-vehicle maker handed over about 386,810

vehicles in the three months to March 31, down 20.2% from the

prior quarter and 8.5% lower from a year ago.

Wall Street on average had expected Tesla to deliver 454,200

vehicles, according to 18 analysts polled by Visible Alpha.

(Reporting by Akash Sriram in Bengaluru; Editing by Arun

Koyyur)

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