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Tesla Analysts Size Up Ugly Q1 Numbers: Disaster, Train Wreck, Horror Show, Nightmare — Will Storm Pass Or Are Darker Days Ahead?

Tesla posted its first year-over-year decline in deliveries since 2020 on Tuesday, which sparked a selloff in shares. The EV maker said the decline in volumes was partially due to the production ramp of the updated Model 3, as well as factory shutdowns resulting from the Red Sea conflict and an arson attack at its German gigafactory.

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Tesla Stock Is Tumbling Tuesday: What’s Going On?

Tesla said it produced 433,371 vehicles in the first quarter, down from 440,808 year-over-year. The EV maker delivered 386,810 vehicles last quarter, down from 422,875 year-over-year. In the fourth quarter of 2023, Tesla reported production of 494,989 vehicles and 484,507 deliveries.

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