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International Business Times
International Business Times
Business
John BIERS

Tesla Reports Drop In Auto Sales, While Toyota Sees US Surge

A suspected arson attack of power infrastructure impacted production at Tesla's German plant, one of the factors weighing on the company's first quarter sales (Credit: AFP)

Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales.

Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers.

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