Tesla reported a weaker than expected rebound in global deliveries in the first three months of the year, saddling the carmaker with an inventory of more than 50,000 vehicles amid sliding EV sales in the US.
The US carmaker delivered 358,023 vehicles in the three months to the end of March, up 6 per cent from 336,681 vehicles in the same period last year and below analysts’ forecasts of 369,000. Tesla shares were down almost 4 per cent in early trading on Thursday.
With Tesla producing 408,386 vehicles in the first quarter, the sluggish demand left it with more than 50,000 unsold units at the start of the year, almost double that of the same time last year.
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