Tesla Sales Drop for First Time Since 2020 as EV Competition Heats Up ...Middle East

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Tesla Sales Drop for First Time Since 2020 as EV Competition Heats Up
source : OILPRICE ( Middle East ) () 132
Tesla saw its deliveries slump in the first quarter for the first annual drop since the start of the pandemic in 2020, missing analyst forecasts by a mile in a sign that even price cuts haven’t been able to stave off an increasingly heated competition on the EV market. Tesla said on Tuesday that it had produced over 433,000 vehicles and delivered about 387,000 vehicles, attributing the lower deliveries to “the early phase of the production ramp of the updated Model 3 at our Fremont factory and factory shutdowns resulting from…

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