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Published 15 days ago

Tesla 1Q sales fall nearly 9% as competition heats up and demand for electric vehicles slows

  • Tesla experienced its first drop in sales since the pandemic began, with sales declining due to increased competition from Chinese and Western automakers.
  • The company built 433,000 vehicles but only delivered 387,000, marking a decrease from both the previous quarter and the same quarter last year.
  • Tesla's sales fell to 387,000 vehicles, down from 422,875 vehicles in the first quarter of the previous year.
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