The forecasts were actually rosy: analysts said Tesla had good prospects for the start of the year. This did not come true.
The US electric car pioneer Tesla delivered far fewer cars in the first quarter than experts expected. From January to March, sales fell by 8.5 percent to just under 387,000 vehicles compared to the same quarter last year, the company announced on Tuesday. Analysts surveyed by Visible Alpha, however, had expected growth of more than eight percent to a good 458,000 units.
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Tesla is struggling with growing competition and weaker global demand for electric cars. At the Tesla factory in Germany, an arson attack on the power supply and supply chain problems recently led to production losses. Compared to the previous quarter, sales fell by 20 percent in the first quarter, while analysts had only expected a moderate decline of five percent compared to the final quarter of 2023.
