Tesla Sales Crash — But Will They Bounce Back?

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As you’ve surely seen by now, Tesla sales slumped a lot in the first quarter. In fact, I think it’s fair to say they crashed. The following charts will visualize that for you, and if you’re a Tesla fan , you have to admit they’re a little scary.

First of all, yes, there’s the dip, or crash. It was the lowest sales quarter since the third quarter of 2022. But the question is whether it’s more like the 2nd quarter of 2022 and we’re going to see a long and big rise now, or its own thing and the future is not so rosy. Looking at it a different way, as a line graph, it’s interesting to see how the models are either stagnating or dipping. Just note that these are estimates since Tesla doesn’t release individual model sales or production data.

The four charts above are all cumulative sales charts. Perhaps, as a response to the Q1 2024 sales dip, we may be inclined to say:Exactly — Tesla has sold a lot of vehicles in the past three years.

 

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Tesla Sales Drop 9% Due to Increased Competition and Slowdown in EV MarketSales of Tesla vehicles dropped nearly 9% last quarter due to increased competition and a slowdown in electric vehicle sales. Tesla delivered over 386,000 vehicles from January to March, a decline from the previous year. Analysts expected higher sales.
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