Tesla, Inc. (NASDAQ:TSLA) first-quarter delivery print didn’t collapse — but it didn’t inspire either. The EV giant reported 358,023 deliveries in the first quarter per their SEC filing, alongside production of 408,386 vehicles, pointing to a familiar pattern: output remains strong, but demand absorption is starting to look less convincing.
The gap between production and deliveries — roughly 50,000 vehicles — quietly raises questions about inventory build and underlying demand strength.
Model 3/Y Still Carry The Load
As expected, Tesla’s core lineup did the heavy lifting.
The Model 3/Y accounted for 341,893 deliveries, making up the overwhelming majority of volumes, while higher-end models — including Model S, X, and Cybertruck — contributed just 16,130 units.
That …
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