Tesla Stock Drops After Q1 Deliveries Miss and 50,000-Vehicle Gap Raises Fresh Demand Questions
Tesla delivered 358,023 vehicles in Q1, missing analyst estimates and sending shares down 4.2%. Production outpaced deliveries by over 50,000 vehicles, signaling rising inventory. China-made Model 3 and Model Y sales climbed, but Tesla’s China EV market share slipped to 8%. Analysts have cut 2026 delivery growth forecasts, raising concerns about future cash flow.