Tesla's deliveries of electric cars during the first quarter of the year fell 13 percent compared to the same quarter a year earlier, down to 336,681 cars. It was significantly worse than expected. Analysts had counted on over 390,000 electric cars, according to Bloomberg.
Production also fell sharply, down 16 percent to 362,615 electric cars. This can be compared to an average forecast of over 412,000 electric cars.
The Tesla share, which already belonged to the losers in futures trading ahead of Wednesday's stock market opening on Wall Street, was heavily pressured downwards after the report – down by almost 6 percent.
Since the record high for the Tesla share during the weeks following Donald Trump's election victory in November last year, the share has already fallen 44 percent.
The sales volume during the first quarter has been affected by Tesla working on launching a new version of the best-selling Model Y. But boycotts and protests against Tesla have also spread in both the USA and Europe due to Musk's appointment in the US President Donald Trump's government and Musk's expressed support for right-wing radical political parties in, among other places, Germany.
