Tesla deliveries drop 8.5 percent year over year in first decline since 2020

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Tesla delivered 386,810 vehicles in the first quarter of 2024, an 8.5 percent drop compared to the first quarter of 2023. Tesla produced 433,371 vehicles in Q1 2024, a year-over-year decline of 1.7 percent.

“Decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin,” Tesla announced today.

In Q1 2023, Tesla produced 440,808 cars and delivered 422,875. Tesla’s Q4 2023 numbers were 494,989 cars produced and 484,507 delivered.