Tesla said late Wednesday it delivered about 63,000 vehicles in the first quarter, significantly fewer than analysts had expected.
Analysts surveyed by FactSet has expected 76,000 deliveries, with about 54,600 of those being Model 3 sedans. Tesla TSLA, +2.07% said only about 50,900 Model 3s were delivered.
Deliveries ended up being 31% less than the previous quarter, when Tesla also missed analysts’ expectations but still delivered 90,700 vehicles, including 61,394 Model 3s. Tesla said it expects the deliveries shortfall to negatively affect its first-quarter income, but added: “Even so, we ended the quarter with sufficient cash on hand.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla falls short of expectations for first-quarter deliveriesTesla Inc. delivered about 63,000 vehicles in the first quarter, fewer than analysts had expected. Analysts surveyed by FactSet has expected 76,000...
Read more »
Sheryl Crow's Tesla got stuck in parking lotSheryl Crow's Tesla stopped working while she was in a parking lot, proving once again that every day is indeed a winding road.
Read more »
Sheryl Crow's Tesla got stuck in a parking lotSheryl Crow's Tesla stopped working while she was in a parking lot, proving once again that every day is indeed a winding road.
Read more »
Sheryl Crow’s Tesla malfunctions, and singer asks Twitter for helpSinger-songwriter Sheryl Crow takes to Twitter to complain about her Tesla, just as car maker confirms new, in-house self-driving computer and Wall Street...
Read more »
Tesla will host an 'autonomy investor day' this monthElon Musk's past comments on Tesla's full-self-driving features have been criticized by experts as over-promising.
Read more »
Tesla ships 63,000 vehicles in Q1, missing expectationsInvestors expected demand for Tesla's electric vehicles to slide during the first quarter as buyers of its energy efficient cars lost some key federal tax credits and the company faced falling demand for its luxury lineup.
Read more »
Tesla boom lifts Norway's electric car sales to 58 percent market shareAlmost 60 percent of all new cars sold in Norway in March were fully electric, t...
Read more »
Hackers Use Little Stickers To Trick Tesla Autopilot Into The Wrong LaneHackers create a 'fake lane' to take a Tesla in the wrong lane and, potentially, oncoming traffic.
Read more »
Tesla boom lifts Norway's electric car sales to record market shareAlmost 60 percent of all new cars sold in Norway in March were fully electric, t...
Read more »
Hackers steered a Tesla into oncoming traffic by placing 3 small stickers on the roadKeen Labs says its researchers found major safety lags in the cars' visual-based self-driving system.
Read more »