Overview
- Tesla, which reported Thursday, said it delivered 358,023 vehicles in the first quarter, below estimates from FactSet at about 381,000 and Bloomberg near 372,000.
- The company built 408,386 vehicles, up 12.6% from a year earlier, creating a clear gap between production and deliveries.
- Shares fell about 4% in premarket trading after the report, extending this year’s slide.
- Most deliveries came from the Model 3 and Model Y at 341,893 units, while the Model S, Model X, and Cybertruck accounted for 16,130.
- Investors will look to the April 22 earnings call for details on margins, inventory, and demand in a cooling EV market with tougher competition.