Tesla’s Disappointing Deliveries: Tesla on Tuesday reported an 8.5% year-on-year decline in first-quarter deliveries with 386,810 vehicles delivered across the world. The company produced 433,371 vehicles in the time frame.
This is the first time Tesla has reported a drop in quarterly deliveries in about four years since the COVID-19 pandemic in 2020.
The only reference he has made to Tesla’s poor deliveries, however, is when he slammed Tesla investor Ross Gerber as an “idiot” for blaming the company’s board of directors for the poor performance.
“He's such an idiot that he can't even tell he's an idiot,” Musk said. “BYD sales dropped by 42% from last quarter. This was a tough quarter for everyone.”
BYD took over Tesla as the world’s best-selling EV maker in the last quarter of 2023 only to return the crown a quarter later. However, Tesla is the only one among the two EV giants that reported both a year-on-year and quarter-on-quarter drop in sales.
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Read More: GM's Total EV Sales In Q1 Can't Even Match Tesla's High-End Deliveries
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