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Tesla shares fall after deliveries drop 8.5% from a year ago

**Article Analysis:**

**Highlights:**

1. Tesla reported a drop in vehicle deliveries in the first quarter, marking its first annual decline since 2020 due to disrupted production from the global pandemic.

2. Total deliveries in Q1 2024 were 386,810, with total production being 433,371 vehicles. The decline in vehicle production was around 1.7% from the previous year.

3. Challenges faced by Tesla in the first quarter included supply chain disruptions, production halts in its German factory, competition in China from domestic EV makers, and mixed reviews for its new model, the Cybertruck.


Editorial content by Sierra Knightley

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