Deliveries from Tesla have slid sharply in the first three months of the year, as the EV company grappled with a fire at its European factory, global shipping disruption and other challenges.
The company handed over just under 387,000 electric cars to customers, the smallest quarterly figure in more than a year.
That was down more than 8% year-on-year and far fewer than analysts expected.
Shares fell more than 4% on the news.
Tesla shares had already dropped over the last year, reflecting challenges as higher interest rates make its cars less affordable and rivals ramp up their own electric vehicle offerings.
The firm has cut prices repeatedly in response. But demand in key markets such as China has weakened nonetheless, as competitors such as BYD make gains.
Tesla’s problems worsened in the first three months of this year. Houthi attacks in the Red Sea caused supply disruptions which temporarily shut its factory in Germany which was later hit by an alleged arson attack.
The company said production in the first quarter fell about 1.6% year-on-year, from 439,701 cars in 2023 to 433,371 during the same period this year.
But deliveries were more significantly affected, dropping more than 8% year-on-year.
That marked the first annual fall for any quarter since 2020. Deliveries were down 20% compared with the final quarter of 2023.