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Falling deliveries, plunging stock prices… Tesla connected to alternating current

2024-04-08T06:14:10.918Z

Highlights: Elon Musk's firm posted declining sales and production in the first quarter of 2024. General plunge in production (433,371 vehicles in the 1st quarter, i.e. -1.7% compared to the same period last year), deliveries (386,810) and, by extension, share price. The action in New York fell to 164.90 dollars (around 152 euros) at the end of last week, while it was still at 200 dollars at the beginning of March.


Elon Musk's firm posted declining sales and production in the first quarter of 2024. Temporary difficulties or lasting reversal


One shot in the green, one shot in the red. After prosperous years, Tesla, the famous American manufacturer of electric vehicles, has stalled in recent months. General plunge in production (433,371 vehicles in the 1st quarter, i.e. -1.7% compared to the same period last year), deliveries (386,810, i.e. -8.5%) and, by extension, share price. The action in New York fell to 164.90 dollars (around 152 euros) at the end of last week, while it was still at 200 dollars at the beginning of March.

The company plays down the drama by ensuring that it has the explanations. “The drop in volumes is partly due to the initial production phases of the new version of the Model 3 at our Fremont factory,” in California, she said in a press release.

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Source: leparis

All business articles on 2024-04-08

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