By S P Jones Tesla has seen a near 9% drop in sales at the beginning of this year. The fall is due to increasing competition and a slowing demand for electric cars, with price cuts failing to attract more buyers. The Texas-based company reported that it sold 386,810 vehicles from January through March. This is almost 9% fewer than the 423,000 cars it sold over the same period last year. These numbers didn’t meet the expectations of Wall Street analysts either. Experts had predicted that they would sell 457,000 vehicles. Tesla said the drop was partly because a new model of their Model 3 car is…