Tesla Reports First Negative Quarterly Delivery Growth Since 2020

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Tesla Reports First Negative Quarterly Delivery Growth Since 2020
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Trump Gag Orders: Here’s Everything The Ex-President Can’t Say In The Cases Against Him—As Hush Money Judge Expands Restrictionsfell far short expectations in its first-quarter vehicle delivery report, a bellwether for the company’s broader start to 2024 as Elon Musk’s electric vehicle behemoth falls on unusually hard times.

The poor Q1 delivery numbers set the stage for what analysts expect to be the company’s weakest year of growthat least 2012, the release year for the Model S, as 2024’s consensus deliveries of two million cars would be just 11% year, a full 25 percentage points lower than Tesla’s previous low mark for annual delivery growth.How Tesla’s weak deliveries are reflected in its first-quarter earnings report due April 23.

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