TSLA is trading at $347.81, down 3.5% today, as the stock continues to face pressure following disappointing first-quarter 2026 delivery results and a wave of bearish analyst revisions.
- Tesla reported 358,023 vehicle deliveries for Q1, missing expectations and contributing to a 5.4% decline in share price since the April 2 announcement.
- Goldman Sachs and Truist slashed their price targets on the weak results, while JPMorgan reiterated an underweight rating with a $145 target, suggesting up to 60% potential downside.
- The downward trend reflects growing investor concern regarding production-to-delivery dynamics and softening demand metrics.