00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla reported first-quarter deliveries of 358,023 vehicles, rising 6% year-over-year,
00:09but missing estimates of 370,000, according to Axios.
00:14Wedbush securities analyst and Tesla bull Dan Ives called an underwhelming start to the year.
00:19The shortfall came even as buyers rushed to purchase Model S and Model X vehicles
00:24ahead of their discontinuation. Analysts said the results reflect a shift in focus
00:29toward autonomous technology, humanoid robots, and related chip development.
00:33Elon Musk said factory space used for Model S and Model X will be repurposed for humanoid production.
00:39China deliveries rose 35% early in the year,
00:42and higher gas prices coincided with renewed EV interest in the U.S.
00:46For all things money, visit Benzinga.com.
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