Tesla Inc.’s first-quarter deliveries fell less than expected from record levels reached late last year.
Tesla handed over 88,400 vehicles worldwide in the first quarter, a record for the period, but down 21 percent from the last three months of 2019. But the total beat analysts’ average estimate for about 78,100.
In the first quarter of 2019, Telsa racked up sales of 63,000 worldwide when Model 3 deliveries were ramping up overseas.
“I’m shocked they did so well,” said Gene Munster, managing partner of venture capital firm Loup Ventures. “I don’t know how they did it. They had every excuse in the world to put out a bad number.”
Tesla tried to salvage as much business as possible last month by introducing “touchless” deliveries at a time when authorities around the globe are urging would-be car buyers to shelter in place.
While Tesla managed to deliver more vehicles than the year-ago quarter, the improvement was small considering the company…