US Stock Market Move | Tesla, Inc. (TSLA.US) falls more than 4% as Q1 deliveries fall short of expectations.

On Wednesday, Tesla, Inc. (TSLA.US) fell over 4% to $256.04. On the news front, Tesla, Inc. delivered 336,681 vehicles in the first quarter, below market estimates of 390,343 vehicles and lower than the previous quarter's 495,570 vehicles. In China, Tesla, Inc. sold 78,828 Model 3 and Model Y cars in March, with electric vehicle sales in China dropping by 11.5% year-on-year. Additionally, in March, Tesla, Inc. saw another decline in sales in major European regions. Data shows that in March, Tesla, Inc. had 1,536 registrations in the Netherlands, a 61% decrease from the same period last year; registrations in Denmark dropped by 65.6% to 593, sales in Sweden fell by 63.9% to 911; and only 3,157 electric cars were registered in France, a 36.8% decline from a year ago. Quarterly, sales in France fell by 41.1%, Sweden by 55.3%, Norway by 12.5%, Denmark by 55.3%, and the Netherlands by 49.7%.