Tesla Q1 deliveries fall short of expectations; traditional business faces pressure

金色财经_ · 2026-04-02T17:18:09+00:00

Tesla announced a global delivery volume of 358,023 vehicles for the first quarter, falling short of the analyst expectation of 372,160 vehicles, marking the second consecutive quarter of underperformance. Despite focusing on future business, traditional cars remain the main source of cash flow, and the stock price has dropped 15%.

金色财经_

2026-04-02 17:18:09

Abstract generation in progress

Golden Finance reports that on April 2, Tesla today released one of the worst quarterly sales performances in recent years, falling short of Wall Street expectations. The company’s core business transformation is difficult, and the electric vehicle market faces challenges. The company said on Thursday that its global deliveries in the first quarter were 358,023 vehicles, while analysts’ median expectation was 372,160 vehicles. This forecast has been continuously revised downward over the past few weeks. This is the second consecutive quarter that Tesla has failed to meet expectations. Investors are mostly willing to overlook Tesla’s sales trends because Musk is shifting his focus to future business lines such as artificial intelligence, autonomous driving, and robotics. However, its traditional auto business is still Tesla’s main cash source. After the delivery data was released, Tesla fell 4% before the bell; as of Wednesday’s close, the stock has dropped 15% this year, down 22% from its historical high in December last year.

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