Tesla shares drop by over 10% on weak sales
22:53
Shares of electric car producer Tesla fell by more than 10 percent after the American company said it delivered about 63,000 cars in Q1. A year ago the deliveries were almost 91,000. Deliveries of the Model 3, considered a key Tesla product, were below expectations at 50,900 units. The slide in demand was, among others, due to lower incentives for buyers of electric cars in the US. Deliveries of more expensive Tesla cars, the S and the X model, amounted to 12,000 in Q1 and were the lowest since Q3 2015.
