Tesla shares lower after first quarter delivery figures

NEWYORK, United States, April 4 – Shares of Tesla dropped early Monday as markets digested the latest production and sales figures for the high-flying electric car maker. Global deliveries for Elon Musk’s auto company were 422,875 in the first quarter, according to figures released Sunday, up 36 percent from the year-ago period. The results relate to a period in which Tesla undertook price cuts of up to 20 percent in Europe and the United States after similar moves last year in China. Analysts offered a mixed appraisal of Tesla’s latest delivery numbers, with some pointing to estimates for an even…