Elon Musk’s Tesla falls wildly short on EV deliveries in first quarter

Tesla on Tuesday said it delivered 386,810 electric vehicles over the first three months of 2024, falling wildly short of Wall Street’s expectations.

Last week, after a first quarter that one analyst called a “nightmare,” many analysts lowered their estimates. But the sales figures Tesla reported Tuesday fell far below even the revised estimates.

This is a developing story and will be updated.