(CercleFinance.com) – Tesla announced on Tuesday that it had delivered some 387,000 vehicles in the first quarter, a figure down 8% year-on-year, which caused its stock to decline significantly.
The American group reported this morning 386,810 deliveries over the first three months of the year, compared to 422,875 units over the same period of 2023.
The American manufacturer manufactured 433,371 vehicles at the same time, almost 2% less than the 440,808 produced in the first quarter of 2023.
Tesla attributes this decline to the efforts made to launch production of its new Model 3 in Fremont (California) and to site closures due to supply problems linked to tensions in the Red Sea and the arson that affected its ‘Gigafactory ‘ from Berlin.
During Tesla’s last results presentation at the end of January, Elon Musk, its whimsical boss, warned that the company was ‘between two waves of growth’, in other words in the trough of the wave.
‘It remains to be seen whether the surge of Chinese vehicles can take away the enthusiasm for this disruptor, or whether dikes will be erected to protect the American nugget,’ ask LFDE analysts.
Following the figures released today, Tesla shares fell by more than 6% on Tuesday morning on the New York Stock Exchange, bringing their decline since the start of the year to almost 34%.
The group plans to publish its first quarter results on Thursday April 23.
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