Tesla delivered fewer vehicles than expected in the first quarter, the company said Wednesday, with deliveries falling 31 percent to 63,000 vehicles from the fourth quarter of 2018. The price cuts were aimed at making Tesla cars affordable to a wider range of customers. The drop in deliveries appeared to reflect new weakness in demand in the United States, occurring even though Tesla began shipping cars in volume to Europe and China in the quarter. Deliveries of its Model 3 sedan, its most affordable car, totaled 50,900, 20 percent fewer than in the fourth quarter. Deliveries of its Model S and Model X luxury models fell 56 percent to 12,100 cars.

Source: New York Times April 04, 2019 01:11 UTC