Tesla Stock Slips as Q1 Deliveries Fall Short of Estimates

Tesla (TSLA) shares fell Wednesday after the electric vehicle maker’s first-quarter deliveries came in below analysts’ expectations.

Tesla said it delivered 336,681 vehicles and produced 362,615 in the quarter, down from 386,810 deliveries and 433,371 vehicles produced a year ago. Production fell year-over-year as some Tesla facilities shifted to producing the refreshed Model Y, which was released earlier this year, the company said.

Analysts had expected 393,000 deliveries and 462,160 vehicles produced, according to Visible Alpha. The deliveries estimate had fallen 14% since Tesla reported fourth-quarter results in January.

Shares of the EV maker were down more than 4% shortly after the market opened Wednesday. They are up some 50% from the same time a year ago, but have lost nearly half their value since reaching a record close near $480 in December.

Deliveries, Earnings Fell Short Last Quarter

Last quarter, Tesla’s deliveries and production fell short of estimates, with the EV maker reporting its first annual deliveries decline. Later in January, Tesla said it expected deliveries to return to growth in 2025.

Tesla stock has slumped this year over concerns that CEO Elon Musk’s involvement in the Trump administration is negatively impacting the company. Some of Tesla’s biggest bulls on Wall Street have called for Musk to divide his time more evenly between his government work and his companies, including Tesla.

Tesla dealerships have been the subject of protests and vandalism in recent weeks, with reports indicating sales and registrations have fallen in China and a number of countries across Europe in the opening months of 2025.

Tesla said it would release its first-quarter results after the bell on April 22.

his article has been updated with the latest share price information.