Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is down roughly 3% in early trading on Thursday after the company reported Q1 2026 deliveries of 358,023 vehicles, missing Wall Street's consensus range of approximately 365,645 to 372,160 vehicles.
Tesla Inc (NASDAQ:TSLA) reported first quarter vehicle deliveries that fell short of Wall Street estimates, delivering 358,023 vehicles compared with expectations of roughly 370,000. The company said it produced 408,386 vehicles during the quarter.
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Tesla Inc. reported on Thursday that it manufactured 408,386 vehicles in the first quarter of 2026 but delivered only 358,023, falling short of analyst expectations. Prior consensus estimates, released by the company ahead of the announcement, had projected deliveries of approximately 365,645 vehicles.
Tesla sales for the first three months of 2026 came in below Wall Street's expectations, as demand for EVs slowed. Elon Musk's automaker sold 358,023 EVs in the first quarter, up 6% from the same period last year.
Tesla just reported its vehicle production and deliveries for the first quarter of 2026. Analysts were expecting 370,000 deliveries, according to StreetAccount, while a Tesla-compiled consensus said analysts were expecting 365,645 deliveries.
Tesla sales were up 6.3% in the first quarter compared with a year prior, but the company missed Wall Street estimates for deliveries.
Tesla missed Wall Street expectations for first-quarter deliveries on Thursday, as the expiry of U.S. tax credits on the purchase of electric vehicles weighed on demand.
Wall Street forecasts for Tesla (NASDAQ: TSLA) by the end of 2026 have been somewhat mixed, with analysts highlighting some key concerns even as the automaker manages to deliver positive results.
Tesla reported rising sales of China-made electric vehicles, marking a second consecutive quarter of growth despite intensifying competition. Sales of Model 3 and Model Y vehicles produced at Tesla's Shanghai factory, including exports, rose 8.7% year-on-year to 85,670 units in March, according to data from the China Passenger Car Association.
Sales of Tesla's China-made electric vehicle grew 8.7% from a year earlier to 85,670 vehicles in March, extending gains for a fifth month, as the U.S. automaker navigated intensifying competition and increasingly pivoted beyond EVs.
Tesla (TSLA) closed the most recent trading day at $381.26, moving +2.56% from the previous trading session.