Tesla misses Q1 targets at 358,023 vehicles stock down 15%
Business
Tesla fell short of Wall Street's delivery goals for the first quarter of 2026, delivering 358,023 vehicles worldwide, less than analysts predicted.
This marks the second quarter in a row Tesla hasn't met expectations, and its stock has dropped 15% so far this year.
Tesla faces production and demand headwinds
Even with a 6.3% bump in deliveries compared to last year, Tesla's share price is down 22% from its December peak.
The company still relies heavily on car sales for revenue and faces hurdles like production hiccups and shifting EV demand in the US
Keeping up momentum in its core business looks more important than ever right now.