Tesla issues profits warning after fall in deliveries

First-quarter report misses ‘already pessimistic’ analyst expectations

Tesla Model 3
(Image credit: Scott Olson/Getty Images)

Tesla has warned investors that its profits will be “negatively impacted” as vehicle deliveries in the first quarter of the year were well below analysts’ expectations.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up