Tesla on Tuesday announced its first-quarter vehicle production and deliveries report for 2024.
Tesla said it produced 433,371 and delivered 386,810 electric cars worldwide in the first quarter, down 8.5 percent from 422,875 vehicles in the same period last year and lower than the 484,507 it delivered in the fourth quarter of 2023.
The vast majority of Tesla deliveries in Q1, 369,783 units, were its Model 3 and Model Y vehicles, its more affordable mid-range offerings. It delivered 17,027 units of its Model S and Model X vehicles.
| Production | Deliveries | Subject to operating lease accounting | |
| Model 3/Y | 412,376 | 369,783 | 2% |
| Other Models | 20,995 | 17,027 | 1% |
| Total | 433,371 | 386,810 | 2% |
Tesla said that decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at the Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin.
The company also deployed 4,053 MWh of energy storage products in Q1, the highest quarterly deployment yet.
Tesla will post its financial results for the first quarter of 2024 after market close on Tuesday, April 23, 2024.
