Tesla’s quarterly electric vehicle sales fell for the first time since 2020, the company reported. In the first three months of 2024, Tesla sold 386.8 thousand cars, compared to analysts’ expectations of 449 thousand, despite which Tesla became the world leader in electric car sales, ahead of the Chinese BYD.
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Tesla sold 386.8 thousand electric vehicles in the first quarter of 2024, according to the company report. This is significantly less than the 449,000 figure that analysts were expecting, Bloomberg noted.
Tesla sales decreased from 422.8 thousand electric vehicles in the first quarter of 2023 to 386.8 thousand in the first quarter of 2024; This is the first decline in Tesla’s quarterly sales since 2020. Amid the company’s reporting, its shares on the Nasdaq fell 5%.
Despite falling sales, Tesla has become the world’s largest seller of electric vehicles, ahead of China’s BYD, which sold 300,000 cars in the first three months of 2024.
Author:
Kirill Bilyk
Source: RB
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