The electric carmaker handed over 386,810 vehicles in the first three months of 2024, the company said in a statement Tuesday. That fell so far short of analysts’ average estimate for 449,080 deliveries that it was its biggest miss ever.Wall Street had rapidly lowered projections for the Austin-based company’s deliveries as the first quarter came to a close, including some analysts who correctly predicted that the tally would come in below the 422,875 delivered a year ago.
In February, chief executive officer Elon Musk posted that “most people don’t love to buy cars in the middle of winter” as he offered a $US1000 incentive. Tesla has also begun experimenting with advertising and has gone to greater lengths to educate consumers about its lineup.