Transportation
Tesla’s First Quarterly Sales Gain This Year Comes Up Short
- Vehicle deliveries rose 6.4%, missing analyst estimates
- Stock had risen on optimism about demand and robotaxi event
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Tesla Inc. posted its first increase in quarterly vehicle sales this year, though the automaker let down investors expecting more of a bump from China boosting electric car subsidies.
The Elon Musk-led company handed over 462,890 vehicles to customers in the last three months, up 6.4% from a year ago. Deliveries came up shy of the roughly 463,900 units expected among analysts tracked by Bloomberg.