The first quarter of 2024 has interrupted Tesla's growth of electric vehicle production and deliveries. The volume decreased year-over-year for the first time since Q2 2020 when the company was constrained by lockdowns. It's worrying news, especially since it comes after a challenging 2023 when the growth was fueled by deep price reductions. Get Fully Charged Tesla remains the largest EV manufacturer Tesla produced and sold the highest number of all-electric cars in 2023 .
However, it might be a temporary slowdown, as Tesla wrote: 'Decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin.' We can note that the Cybertruck deliveries started to boost the 'Other Models' category, which replaced the Model S/Model X category.
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