Tesla’s quarterly sales slump to lowest level since 2022, still beats BYD

AutoExec Summary
Tesla’s sales dropped in the first quarter of 2024, with the company delivering its lowest number of vehicles since 2022. Despite adding the Cybertruck to its lineup, Tesla’s global sales were down by 8.5 per cent compared to the same period in 2023. The sales drop comes amid increasing competition from other EV brands and ‘legacy’ automakers. However, Tesla was still able to retake its lead as the world’s best-selling EV brand. In Australia, Tesla’s sales were also down due to shipping delays.

Brands mentioned: Tesla, BYD.