The tech titan delivered 422,875 vehicles for the first three months of this year, marking a 4% increase from the previous quarter and a 36% increase from the same period last year.
, sparking a price war after the company’s failure to meet Wall Street’s delivery estimates for 2022.CEO Elon Musk said in January that Tesla could achieve 2 million vehicle deliveries this year, up 52% from last year,The CEO Elon Musk said in January that Tesla could achieve 2 million vehicle deliveries this year, up 52% from last year.The Tesla billionaire gambled that reducing prices would stimulate sales growth, but investors are concerned about eroding margins.
“They showed an acceleration, but they didn’t accelerate to the level that Elon had suggested it would.” The carmaker produced more cars than it delivered, manufacturing 440,808 vehicles in the first quarter.that its Texas factory had built 4,000 Model Y vehicles that week, while also reporting in late February that its German plant was producing 4,000 cars per week.
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