Tesla's Growth Slows in Q1 as It Built Way More Cars Than It Sold
Tesla is currently struggling to sell cars, at least through the first quarter of this year. The company today released preliminary figures regarding the amount of vehicles it has produced and delivered through March 31, 2024. The results speak for themselves: 433,371 total cars were produced but only 386,810 were delivered. While Tesla doesn't break out individual models, it does list the combined figures for the Model 3 sedan and Model Y SUV as well as «other models,» which include the bigger Model S sedan and Model X SUV. In Q1 2024, Tesla built 412,376 Model 3/Y but only sold 369,783; the other models accounted for 20,995 that were built and 17,027 that were delivered. The latest quarterly delivery results are not only a lot lower than the same period in 2023; they're also far short of projections. The latter were all