Tesla Sales Drop More Than Expected from ft than Watch Video

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✓ Published: 03-Apr-2024

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Tesla Sales Drop , More Than Expected.<br/>The automaker has posted its first yearly drop in sales since the onset of the pandemic, CNN reports. .<br/>The company reportedly built <br/>433,000 units but only delivered 387,000.<br/>That's significantly less than the 484,507 vehicles <br/>it delivered in the last three months of 2023.<br/>Tesla shares fell 5% on April 1. .<br/>Tesla partially attributed the sales <br/>drop to increased production of the <br/>updated Model 3 at its factory in Fremont.<br/>The company also cited factory shutdowns caused by ships being diverted from the Red Sea because of attacks by Iran-backed Houthi militants, CNN reports.<br/>The company also cited factory shutdowns caused by ships being diverted from the Red Sea because of attacks by Iran-backed Houthi militants, CNN reports.<br/>Additionally, its factory in Germany shut down for a week because of an arson attack. .<br/>Increased competition from brands such as <br/>China's BYD have also impacted sales, CNN reports. .<br/>Increased competition from brands such as <br/>China's BYD have also impacted sales, CNN reports. .<br/>Wedbush Securities analyst Dan Ives <br/>referred to Tesla demand in China as <br/>\