Tesla Reports First Negative Quarterly Delivery Growth Since 2020
ForbesAPR 2024
Tesla Production Decreased in Q1 2024
Image copyright: Brandon Bell/Staff/Getty Images news via Getty Images
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.
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.