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Tesla Falls as Model 3 Delivery Drop Deepens Demand Concerns

April 4, 2019

Via: Industry Week

Category:

Tesla Inc. (IW 500/99) slumped in early trading after reporting a record decline in deliveries during the first quarter, stoking concern demand is slackening for the cheaper Model 3 it introduced less than two years ago.

The company delivered 63,000 vehicles in the three months that ended in March, according to a statement Wednesday, down from 90,966 in the fourth quarter. Tesla fell as much as 8.5% during U.S. pre-market hours.

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