Deliveries of all models fell 31 percent from the fourth quarter to 63,000 vehicles, including 12,100 Model S sedans and Model X SUVs. Tesla said first-quarter net income would be negatively impacted because of the lower-than-expected delivery volumes and several pricing adjustments.
Total production fell 10.92 percent to 77,100 vehicles from 86,555 vehicles in fourth quarter. The company churned out 62,950 Model 3s, up from a total of 61,394 Model 3s in the fourth quarter. (Reporting by Alexandria Sage in San Fransisco and Rama Venkat in Bengaluru; Editing by Sandra Maler and Lisa Shumaker)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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