Tesla delivered approximately 386,810 vehicles in the first quarter of 2024[1][2]. This number breaks down as follows:
– Model 3/Y: 369,783 deliveries
– Other Models (including Cybertruck, Model S, and Model X): 17,027 deliveries
This result represents a significant decrease compared to both the previous quarter and the same quarter in 2023. Tesla attributed the decline in volumes to several factors:
1. The early production ramp of the updated Model 3 at the Fremont factory
2. Factory shutdowns due to shipping diversions caused by the Red Sea conflict
3. An arson attack at Gigafactory Berlin
The Q1 2024 delivery numbers were lower than Wall Street expectations, which had initially predicted around 470,000 deliveries but later revised down to about 431,000[2]. The actual results were even below the most pessimistic analyst predictions, indicating a potential demand problem for Tesla[2].
Tesla’s energy storage business, however, saw a record deployment of 4,053 MWh of energy storage products in Q1 2024[1].