Tesla Deliveries Up 110% From Last Year

  • 📰 Forbes
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Tesla's stock dropped 8% yesterday on the news that Q1 deliveries fell 31% from the previous quarter but up 110% from last year. From the one year perspective, Tesla is the only car company that is growing.

Tesla announced a first quarter 31% drop in vehicles that were delivered to customers compared to the prior quarter. The news caused the stock to drop approximately 8%. Tesla's stock dropped 8% yesterday on the news that Q1 deliveries fell 31% from the previous quarter. However, being a seasonal business, car companies usually compare their results against the same quarter from the previous year.

Car analysts say the industry slowdown is due to rising car prices and higher interest rates making it harder for consumers to buy a new car.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

incredible

i like the concept of vehicles running not on noxious gassy fumes giving so many health problems , but can a jeep Tesla be made also, i like jeeps structure my kind of vehicle.

What a time to be alive

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines