Deliveries 387,000 vs 433,000 estimateProduction 433,371
That’s a big miss and it comes after some major downward revisions to estimates in the past week or so. It means that Tesla sales were down y/y in Q1.
Earlier today, Tesla revealed that China deliveries were up just 0.2% y/y as it faces strong competition from BYD and other local manufacturers.
This article was written by Adam Button at www.forexlive.com.