Tesla releases Q1 2024 delivery and production results

Tesla today released the Q1 2024 vehicle delivery and production results with a decline in overall both of these statistics for this quarter.

The company says it produced 433,371 vehicles and delivered 386,810 vehicles in the first quarter. The production of Model 3 and Y tops the charts with 412,376 units and 369,783 deliveries. The rest of the model accounts for 20,995 units of production and 17,027 deliveries.

Compared to this, the company posted 440,808 vehicle production in Q1 2023 along with 422,975 deliveries.

Tesla says the decline in business is due to the increased production of the Upgraded Model 3 at its Fremont factory and the recent shutdown of Gigafactory in Berlin.

The company will share its Q1 2024 full financial results on April 23, 2024. The company will also conduct a live question and answer session at 4:30 p.m. Central time/5:30 p.m. Eastern time.

(source)