Tesla share takes a dip on the stock market: significantly fewer cars delivered and greater competition | News

In the fourth quarter of last year, Tesla delivered 484,000 cars. Tesla produced 433,000 new cars last quarter, compared to a production of 495,000 cars at the end of last year.

The figures are below the expectations of market experts. Later this month, Tesla will announce its first quarter financial results. Since the beginning of this year, Tesla has already lost a third of its stock market value.

Tesla was faced with a production stop of several days at its factory near Berlin, Germany, after sabotage of the power supply. The factory in California, USA, also switched to the production of the new version of the Model 3, a intervention that usually weighs on production numbers. But Tesla also appears to be facing lower demand.

Despite the challenges it faces, Tesla once again became the largest electric car manufacturer in the first quarter, a title it lost to Chinese rival BYD in the final quarter of last year. The latter sold 300,114 fully electric cars worldwide during the first months of 2024, it was announced on Monday.