Tesla Q1 deliveries were up 6% to 358,000 and production increased 13% to 408,400. That puts production 14% higher than deliveries. So just over 50,000 units were made than were sold. That's an inventory build up that needs to be sorted and maybe that is soon to be addressed.
So it is good that volumes are up on 2025, although 2023 and 2024 both exceeded Q1 2026 totals. Future quarters will tell us more as one quarter in isolation could be misleading.
Data & photo source: Tesla.
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