Electric car manufacturer Tesla posted one of its worst sales quarters in years as the company struggles to turn around its core business and navigate an increasingly challenged electric-vehicle market. It is the second consecutive quarter that Tesla has fallen short of projections. Deliveries still managed to rise 6.3% from a year earlier, when the carmaker paused Model Y production at plants around the globe and dealt with a consumer backlash against chief executive Elon Musk. Read More Surge in electric car sales softens fall in new-car registrations in MarchThe stock declined 15% this year through Wednesday’s close and has fallen 22% from a record high in December. Tesla delivered a total of 341,893 Model Y SUVs and Model 3 sedans in the first quarter, with the two popular vehicles accounting for the bulk of the company’s sales and production.

Source: Irish Examiner April 02, 2026 15:52 UTC