Tesla’s Sales Decline Attributed to Houthi Attacks and Arson in Germany
Crucially, Tesla shipped fewer cars than it did in the first quarter of 2023, meaning this was the first year-over-year drop in sales in three years.
Production was also down year-over-year, which Tesla attributed to switching to making the new Model 3, as well as the other disruptions.
These drops come just two months after Tesla warned that sales growth could be “notably lower” in 2024 as it comes off a successful 2023 fueled by price cuts.
Bloomberg News reported last month that Tesla curtailed output at its Shanghai factory as a result of slower sales growth in the country.
Tesla tried to pull a few tricks at the end of the quarter to boost sales, as it usually does.
