Tesla posts worst quarterly sales in years 

Tesla shares fell as much as 4.6% after the markets opened in New York, the biggest intraday drop in almost two months. 

The company delivered 358,023 vehicles worldwide in the first quarter falling short of analysts expectations. File picture

Electric car manufacturer Tesla posted one of its worst sales quarters in years as the company struggles to turn around its core business and navigate an increasingly challenged electric-vehicle market.

The company delivered 358,023 vehicles worldwide in the first quarter, however, analysts anticipated 372,160 on average among estimates compiled by Bloomberg. It is the second consecutive quarter that Tesla has fallen short of projections.