Tesla's first quarter sales performance in 2024
Tesla's first quarter sales in 2024 are lower than expected, leading to concerns about the company's performance and the EV market as a whole. Factors contributing to the decline include softening demand, production issues, and competition. Analysts have adjusted their forecasts downward, indicating potential trouble ahead for Tesla.
Key Points
- Tesla's first quarter deliveries for 2024 are lower than expected, potentially marking the first year-over-year sales decline since 2020.
- Factors contributing to the decline include softening demand for EVs, production hiccups, and competition in the market.
- Analysts have adjusted their forecasts downward, indicating potential trouble ahead for Tesla.
- Investors are optimistic about Tesla's progress in autonomous driving software, but the impact remains uncertain.