Tesla Secures Record Deliveries After Slashing EV Prices

(Bloomberg) -- Tesla Inc. reported record a 36% rise in deliveries in the first quarter, though fell short of the pace required to meet Elon Musk’s long-held goal of 50% annual growth. 

The electric vehicle pioneer delivered 422,875 cars worldwide last quarter after it cut prices to appeal to consumers buffeted by rising interest rates and faster inflation. The results, posted Sunday, came in just ahead of the median estimate of analysts surveyed by Bloomberg, for 421,164 vehicles to have been shipped.