Home ยป Production and Delivery Figures Plunge in Tesla’s Q1 2024 Report Compared to Previous Year

Production and Delivery Figures Plunge in Tesla’s Q1 2024 Report Compared to Previous Year

In the first quarter of 2024, Tesla reported production and delivery numbers for a total of 433,371 vehicles. This figure includes 412,376 Model 3/Y vehicles and 20,995 of other models. The company delivered a total of 386,810 vehicles, with 369,783 being Model 3/Y and 17,027 of other models.

The total production and delivery numbers for Tesla in the quarter decreased compared to the first quarter of 2023. This marks the first decrease since 2020, with the company attributing part of the decline to increasing production capacity for the new Model 3 at the Fremont factory and factory closures due to transportation challenges in the Red Sea, as well as incidents of fire at the Berlin factory.

Source: Tesla and CNBC

TLDR: Tesla reported a decrease in production and delivery numbers in the first quarter of 2024 compared to the same period in 2023, citing various factors including increased production capacity for the new Model 3 and factory closures due to transportation challenges and fire incidents.

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