Shares of Tesla fell by nearly 10% on Thursday after the electric automaker released delivery figures that left investors pessimistic about the company’s future growth prospects. When the dust settled, Tesla during the first quarter of the year delivered 63,000 vehicles, a mix that included 50,900 Model 3s. As a point of reference, investors were anticipating deliveries to fall somewhere in the 76,000 range.
Tesla’s delivery figures for the quarter would have been welcome news even a few years ago, but as time marches on, the expectation that Tesla will exhibit tremendous growth has grown considerably. To this point, Tesla late last year posted impressive results for the 2018 holiday quarter with nearly 91,000 deliveries. Apparently a quarterly drop of 15,000 units was viewed as a huge red flag. The figures above, however, don’t even come close to painting a complete picture.
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The negativity surrounding Tesla remains bizarrely unfair originally appeared on BGR.com on Fri, 5 Apr 2019 at 09:34:21 EDT. Please see our terms for use of feeds.
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