Tesla misses Q1 delivery estimates as tax credits expire
Tesla delivered 358,023 vehicles in the first quarter, missing analyst estimates of 368,903. Expiration of U.S. tax credits weighed on consumer demand.
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TESLA INC reported first-quarter delivery figures on Thursday that failed to meet Wall Street projections, primarily due to the expiration of federal tax credits in the United States. The electric vehicle maker delivered 358,023 units during the January-to-March period, marking a 14.4% decrease from the preceding fourth quarter.
