Tesla sales grew by 6% in Q1, but company has an overproduction problem

This morning, Tesla published its production and delivery results for the first three months of 2026. And for the first time in a while, the news has been largely positive. The automaker built a total of 408,386 electric vehicles, a 12.6 percent increase from Q1 2025. Almost all of those EVs were Models 3 and Y—the company built 394,611 of these, a 14.2 percent increase compared to the same quarter last year. The rest were mostly Cybertrucks, as we learned at the end of January that the aging Models S and X had finally been put out to pasture. At 14 years, the Model S's service to Tesla showed longevity beaten only by Nissan's R35 GT-R, which was old enough to vote when it was finally retired. Overproduction Tesla also recorded an increase in sales for Q1, though not to the same degree. It sold a total of 358,023 EVs, a 6.3 percent increase compared to the same quarter in 2025. Unfortunately for Tesla, that growth is only half as much as the increase in production.Read full article Comments