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  1. Home

Tesla Production Decreased in Q1 2024

  • #Finance
  • #China
  • #Germany
Tesla Production Decreased in Q1 2024
story
APR 2024
Image copyright: Brandon Bell/Staff/Getty Images news via Getty Images
story last updated APR 2024

The Spin

Narrative A

This news is nothing to panic about. Tesla has sold more vehicles in the first quarter than its biggest competitor — Chinese carmaker BYD — regaining its position as the world's leading seller of EVs. Musk has a strategy and is likely to continue to outperform all other EV manufacturers.

Bloomberg

Narrative B

Tesla is facing multiple problems, including increased competition. The root cause of Tesla's problems could be Elon Musk, as many observers believe the company would be better off if he stepped down as chief executive officer and focused solely on innovation. Musk's controversial social media posts and his association with right-wing politics may be negatively affecting sales.

Fortune

Metaculus Prediction


Articles on this story

Tesla Reports First Negative Quarterly Delivery Growth Since 2020
ForbesMAR 2024
Tesla shares fall after deliveries drop 8.5% from a year ago
NBCMAR 2024
Tesla sales drop as competition in the electric vehicle market heats up
CBSMAR 2024
Elon Musk's having a terrible year
Business InsiderMAR 2024
Tesla delivery numbers are down and stock prices are falling as a result
USA TodayMAR 2024
Tesla’s year-over-year sales dropped for the first time since 2020
VergeMAR 2024
Tesla quarterly car deliveries fall for the first time in nearly four years
GuardianMAR 2024
Tesla sales fall nearly 9% to start the year as competition heats up and demand for EVs slows
Associated PressMAR 2024