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Tesla Misses Again: Where’s the Bottom?
Tesla reported Q1 global deliveries of 358,000 vehicles, falling short of the Bloomberg consensus estimate of 372,000, marking one of its weakest quarters in recent years.
Total production came in at 408,000 vehicles, up 13% YoY and above expectations of 388,000. However, the gap between production and deliveries suggests inventory buildup, potentially signaling softening end-demand.
Following the release, Tesla shares dropped over 5%, further extending its year-to-date losses.
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