Tesla Retakes EV Sales Title Despite Disappointing Q1
This is the first time Tesla has slipped below 400,000 deliveries in a quarter.
KEY TAKEAWAYS
Tesla delivered 386,810 vehicles this quarter - fewer than last quarter and fewer than the same time last year.
This is the first time since Q3 of 2022 that it has delivered under 400,000 units in a quarter.
Despite the sales drop, Tesla reclaimed its spot as the top EV seller in the world, displacing Chinese automaker BYD.
Tesla delivered 386,810 vehicles this quarter, which marks a drop of almost 100,000 units from the fourth quarter of 2023. It's also a year-on-year sales drop compared to the 422,875 units sold in the first quarter of 2023.
In addition, this is the first time Tesla has had fewer deliveries than the same period in the previous year since back in 2020. And you have to go back to the third quarter of 2022 to find the last time the company delivered less than 400,000 vehicles in a quarter. Tesla Retakes EV Sales Title Despite Disappointing Q1
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