Tesla Q1 Total Production 433,371, Down 2% YoY; Total Deliveries 386,810, Down 9%
Portfolio Pulse from Benzinga Newsdesk
Tesla reported a 2% year-over-year decrease in Q1 total production to 433,371 units and a 9% drop in total deliveries to 386,810 units.

April 23, 2024 | 8:06 pm
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NEGATIVE IMPACT
Tesla's Q1 production and deliveries have decreased by 2% and 9% YoY, respectively.
The reported decrease in both production and deliveries for Tesla in Q1 is likely to concern investors, potentially leading to negative sentiment and a short-term decrease in stock price. These metrics are critical indicators of the company's operational performance and demand for its vehicles, which directly influence investor confidence and stock valuation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100