{"id":219549,"date":"2024-04-02T18:25:20","date_gmt":"2024-04-02T18:25:20","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/02\/tesla-sees-ev-deliveries-drop-year-over-year-for-the-first-time-since-2020\/"},"modified":"2025-06-25T17:19:28","modified_gmt":"2025-06-25T17:19:28","slug":"tesla-sees-ev-deliveries-drop-year-over-year-for-the-first-time-since-2020","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/02\/tesla-sees-ev-deliveries-drop-year-over-year-for-the-first-time-since-2020\/","title":{"rendered":"Tesla sees EV deliveries drop year-over-year for the first time since 2020"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.engadget.com\/tag\/tesla\/\" data-ylk=\"slk:Tesla;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><\/a> has revealed how many vehicles it delivered in the first three months of 2024 and the figures dropped significantly from both the previous quarter and <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.engadget.com\/tesla-sets-new-company-record-after-delivering-more-than-422000-evs-in-q1-2023-171816368.html\" data-ylk=\"slk:the same period in 2023;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><\/a>. The company <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/ir.tesla.com\/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-first-quarter-2024\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:handed over;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><\/a> 386,810 EVs during the period.<\/p>\n<p>That&#8217;s down 20 percent from the 484,507 vehicles Tesla delivered in Q4 2023 and an eight percent dip year-over-year. This was Tesla&#8217;s first YoY sales drop since 2020, <a data-i13n=\"elm:context_link;elmt:doNotAffiliate;cpos:4;pos:1\" class=\"link \" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-02\/tesla-sales-miss-in-first-year-over-year-drop-since-pandemic?srnd=homepage-canada&amp;sref=10lNAhZ9\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Bloomberg;elm:context_link;elmt:doNotAffiliate;cpos:4;pos:1;itc:0;sec:content-canvas\"><em><\/em><\/a> points out. The figures also fell well short of projections \u2014 on average, analysts expected Tesla to deliver 449,080 EVs.<\/p>\n<p>There are some mitigating factors at play, as <a data-i13n=\"elm:context_link;elmt:doNotAffiliate;cpos:5;pos:1\" class=\"link \" href=\"https:\/\/techcrunch.com\/2024\/04\/02\/tesla-sales-drop-first-quarter-estimates-deliveries\/\" data-ylk=\"slk:TechCrunch;elm:context_link;elmt:doNotAffiliate;cpos:5;pos:1;itc:0;sec:content-canvas\"><em><\/em><\/a> notes. Tesla had to close its factory in Germany for almost a week due to an arson attack. It also put most production at the Berlin-area facility on hold for a fortnight due to shipping disruptions resulting from Houthi attacks on international shipping in the Red Sea. Tesla also pointed to an early production ramp up of the <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/www.engadget.com\/teslas-refreshed-2024-model-3-is-now-on-sale-in-the-us-111533256.html\" data-ylk=\"slk:revised Model 3;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><\/a> as another reason for the drop in deliveries.<\/p>\n<p>Tesla says it built 412,376 Model 3 and Y vehicles in the first three months of 2024 and 20,995 other models for a total of 433,371. Of the deliveries, 369,783 were Model 3s and Model Ys. The company didn&#8217;t detail the number of <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/www.engadget.com\/tag\/cybertruck\/\" data-ylk=\"slk:Cybertrucks;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><\/a> it built and delivered.<\/p>\n<p>As is often the case, Tesla tried a few tactics to juice sales at the end of the quarter, such as once again offering a free trial of Full Self-Driving (which, despite the name, is not an autonomous driving system). The company also hinted to prospective buyers who&#8217;d been on the fence that they should snap up one of its EVs before a price increase on April 1. Sure enough, on Monday, the company <a data-i13n=\"elm:context_link;elmt:doNotAffiliate;cpos:8;pos:1\" class=\"link \" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-raises-prices-model-y-cars-us-by-1000-2024-04-01\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:jacked up the price;elm:context_link;elmt:doNotAffiliate;cpos:8;pos:1;itc:0;sec:content-canvas\"><\/a> of every Model Y trim by $1,000 in the US.<\/p>\n<p>Earlier this year, Tesla CEO Elon Musk warned that the company was between &#8220;two major growth waves&#8221; \u2014 the boom of the Model 3 and Y, and a lower-cost EV that&#8217;s expected to<a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/www.engadget.com\/elon-musk-confirms-a-new-low-cost-tesla-model-is-coming-in-2025-103517158.html\" data-ylk=\"slk:arrive in late 2025;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"> arrive in late 2025<\/a>. As such, he warned investors that Tesla was likely to see &#8220;notably lower&#8221; sales growth this year.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.engadget.com\/tesla-sees-ev-deliveries-drop-year-over-year-for-the-first-time-since-2020-153020454.html?src=rss\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] has revealed how many vehicles it delivered in the first three months of 2024 and the figures dropped significantly from both the previous quarter<\/p>\n","protected":false},"author":1,"featured_media":219550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[159],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/219549"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=219549"}],"version-history":[{"count":1,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/219549\/revisions"}],"predecessor-version":[{"id":331812,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/219549\/revisions\/331812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/219550"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=219549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=219549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=219549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}