According to the firm, output decreased by 1.6% year over year in the first quarter of this year, from 439,701 automobiles in 2023 to 433,371 cars in the same period last year.
However, the impact on delivery was greater, declining by more than 8% annually.
It was the first quarterly fall since 2020. Deliveries decreased by 20% in the last quarter of 2023.
The decline coincides with automakers’ industry-wide retreat from their aspirations for electric vehicles due to lower-than-anticipated demand. Nonetheless, the majority of analysts still predict a sharp increase in sales of electric vehicles this year.
Safety inspectors have been examining the company’s power steering and other aspects, and it has also been questioned about its autonomous car software, which it claims will spur new growth.
former Tesla employee questions the safety of cars
Meanwhile, some investors have expressed worry that the business’s product lineup has become stale. Mr. Musk has been concentrating on other projects, such as his social media platform X, which was formerly Twitter, where his statements and actions have caused controversy and damaged the reputation of Tesla.
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