Tesla sales rose 5 percent in the first three months of the year after it cut prices on its electric cars, helping to compensate for slowing economic growth and rising interest rates.

Tesla said Sunday that it delivered nearly 423,000 vehicles from January through March, up from 405,000 in the last quarter of 2022.

The company delivered 310,000 vehicles in the first quarter of 2022.Tesla’s sales in the last quarter were “respectable,” Gary Black, managing partner of the Future Fund and an influential commentator on Tesla, said on Twitter . All automakers are contending with the drag on sales from rising […]

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By Donato