Tesla first-quarter deliveries miss expectations as sales slump deepens

Investing.com -- Tesla (NASDAQ: TSLA) delivered 358,023 vehicles in the first quarter of 2026, falling short of Wall Street expectations and marking the second consecutive quarter the electric vehicle maker has missed analyst projections.

The company produced 408,386 vehicles in the period, comprising 394,611 Model 3 and Model Y units and 13,775 vehicles from other model lines.

Deliveries broke down to 341,893 Model 3 and Model Y vehicles and 16,130 from other models, including the Model S, Model X, and Cybertruck.

Tesla also deployed 8.8 GWh of energy storage products during the quarter.

Analysts had forecast deliveries of approximately 372,160 vehicles on average, a figure that had itself been revised lower in the weeks leading up to the report.

Deliveries rose 6.3% from the same period a year earlier, when Tesla had paused Model Y production across several plants.

Tesla shares have declined approximately 4.6% in pre-market trading following the announcement, extending a decline that has taken the stock down over 15% year-to-date.

Tesla is scheduled to report full first-quarter financial results after market close on April 22.

Reacting to the report, Wedbush analyst Dan Ives wrote: "While the delivery numbers were quite underwhelming, this was not a shock to us given the current EV backdrop across geographies while the company shifts gears to focus more on its AI strategy."

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