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Tesla’s cheaper vehicles aren’t helping its declining sales

CN
CitrixNews Staff
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Tesla’s cheaper vehicles aren’t helping its declining sales

Tesla spent more than a year touting that “more affordable” cars were on the way, and they finally arrived last October, with stripped-down versions of the Model Y and Model 3 starting at $39,990 and $36,990, respectively. But the new vehicles are not moving the needle much for Tesla’s overall sales, first-quarter figures show.

Tesla said Thursday that it delivered 358,023 EVs globally in the first three months of the year, below analysts’ expectations of of around 368,000. The company also produced far more than it sold, with the final tally built coming in at 408,386.

Originally reported by TechCrunch