Tesla Stock Keeps Sliding After Drop in 1Q Deliveries

Dow Jones04-02

By Dean Seal

A tough year for Tesla stock continues after the carmaker reported a 13% drop in deliveries for the first quarter.

Tesla shares were down 4.8% at $255.50 in premarket trading. Shares had already fallen more than 33% year-to-date when the market closed Tuesday.

The EV maker said Wednesday morning that it delivered 336,681 vehicles in the first three months of the year, missing analyst estimates for 396,960 deliveries, according to Visible Alpha.

The 13% drop comes as the brand faces growing backlash about Chief Executive Elon Musk's active role in the Trump administration and support for far-right parties in Europe.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

April 02, 2025 09:31 ET (13:31 GMT)

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Shares had already fallen more than 33% year-to-date when the market closed Tuesday. \n\n\n  The EV maker said Wednesday morning that it delivered 336,681 vehicles in the first three months of the year, missing analyst estimates for 396,960 deliveries, according to Visible Alpha. \n\n\n  The 13% drop comes as the brand faces growing backlash about Chief Executive Elon Musk's active role in the Trump administration and support for far-right parties in Europe. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2025 09:31 ET (13:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2524499462","isCrawlerRequest":true}