Tesla’s vehicle deliveries came in below Wall Street projections for the first quarter of 2024, released Thursday, with industry analysts pointing to the end of federal electric vehicle tax incentives as a contributing factor to reduced consumer demand.
The electric automaker reported delivering 358,023 vehicles during the three-month period ending in March, representing a 14.4% decline compared to the previous quarter and a 6.3% increase over the same period last year.
Financial analysts had projected the company would deliver approximately 368,903 vehicles during the quarter, based on data compiled by Visible Alpha.
