Tesla tumbled after the EV maker reported a significant delivery miss for the first quarter. The Q1 delivery report comes after Tesla warned in January that ...
. The Q1 delivery report comes after Tesla warned in January that its vehicle volume growth rate would be "notably lower" than in 2023.
"The discrepancy between deliveries and production implies ~46,000 in incremental inventory, which confirms that beyond the known production bottleneck , there may also be a serious demand issue," Deutsche Bank's Emmanuel Rosner wrote in a note following the release., with the Model Y Long Range version rising by 5,000 yuan for a total cost of 304,900 yuan and the Performance version increasing by 5,000 yuan to 368,900 yuan.
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