The best thing that might be said about Tesla Inc.’s first-quarter sales numbers released Tuesday is that the company won back the crown of biggest battery electric vehicle maker in the world. The more fanatical bulls might cling to that. Everyone else can save the high-fives.

Heading into Tuesday, the consensus estimate for Tesla’s vehicle deliveries had been dropping at a brisk rate. A year ago, analysts expected Tesla to sell about 530,000 vehicles in the quarter just ended. By the start of the year, they had tweaked that down to half a million, and had dropped it since to just under 450,000. Tesla missed even that by 14%, reporting just under 387,000. True, that beat main rival BYD Co. Ltd., which surpassed Tesla’s sales in the fourth quarter of 2023, but only because BYD’s sales of battery electric vehicles fell by even more.

QOSHE - Tesla’s Sales Flop Is Even More Shocking Than Elon Musk - Liam Denning
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Tesla’s Sales Flop Is Even More Shocking Than Elon Musk

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02.04.2024

The best thing that might be said about Tesla Inc.’s first-quarter sales numbers released Tuesday is that the company won back the crown of biggest battery electric vehicle maker in the world. The more fanatical........

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