DETROIT—Tesla’s first-quarter vehicle sales rose 36 percent after the company cut prices twice in a bid to stimulate demand.
The electric car, SUV, and heavy truck maker said it delivered 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 for the quarter, according to FactSet. The first quarter sales were a record for the company.
