TSLA is trading at $366.56 (-3.9%) after the company announced its first-quarter production and delivery numbers, which fell short of Wall Street estimates.
- Tesla reported 358,023 vehicle deliveries for Q1, missing the analyst consensus of approximately 365,645 vehicles. [2, 9]
- The company produced 408,386 vehicles in the quarter, creating a notable gap of over 50,000 more vehicles produced than delivered. [2]
- The delivery miss is weighing on the stock, alongside a broader market selloff fueled by rising oil prices and geopolitical tensions. [4, 5, 27]