Howard Smith, The Motley Fool
Thu, April 2, 2026 astatine 11:41 AM CDT 2 min read
Tesla (NASDAQ: TSLA) announced first-quarter conveyance deliveries today, and they weren't overly impressive. The institution delivered astir 360,000 electrical vehicles (EVs) astatine the commencement of the year, but Wall Street expected adjacent more.
That wasn't the lone disappointment, though. Tesla shares plunged connected the news. Here are the different reasons the banal was down 4.2% astatine 12:20 p.m. ET.
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EV income aren't what Tesla investors are focusing connected anymore. That concern is being viewed arsenic a backing mechanics for its loftier goals related to self-driving robotaxis, related artificial quality (AI) technologies, and its vigor retention business.
While much details connected AI and robotaxi deployment astir apt won't beryllium disposable until Tesla reports first-quarter net connected April 22, the vigor business's first-quarter results were precise disappointing. Tesla reported the lowest magnitude of vigor retention products deployed since Q3 2024. The 8.8 GWh (gigawatt-hour) that were enactment successful work was a crisp driblet from 14.2 GWh past quarter.
Analysts didn't mince words astir the company's update. Wedbush expert Dan Ives called it an "underwhelming" mode to commencement the year. Investment manager Gary Black noted that the surge successful lipid prices should boost EV sales. He noted determination was "no mode for Tesla to rotation this arsenic a affirmative effect with lipid terms up."
The gist is that determination wasn't overmuch to similar from Tesla's update today. All eyes volition present beryllium connected however soon the institution tells investors it plans to rotation retired its driverless conveyance fleet during its April 22 league call.
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