Q1 production ~408,000 vehicles; deliveries ~358,000

- Tesla’s Q1 reporting shows production of about 408,000 vehicles while deliveries were roughly 358,000, meaning production exceeded shipments in the quarter. - The quarter posted GAAP EPS of $0.41, beating estimates, but deliveries missed consensus (386k expected vs higher street forecasts) and Shanghai accounted for about 213,000 deliveries. - The delivery shortfall versus production raises questions about channel inventory and the timing of consumer demand. (x.com) (gurufocus.com)