Key Stats for Tesla Stock
- Price change for Tesla stock Today: -5%
- $TSLA Stock Price as of Apr. 2: $361
- 52-Week High: $499
- $TSLA Stock Price Target: $419
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What Happened?
Tesla (TSLA) stock had its worst day of 2026 on Thursday, dropping more than 5% after the company reported Q1 delivery numbers that fell short of expectations.
- Tesla delivered 358,023 vehicles in Q1.
- Analysts were expecting around 370,000.
While that’s a 6% improvement from Q1 2025, it still missed the mark.
Wedbush analyst Dan Ives described the numbers as “underwhelming,” which added to the selling pressure on Tesla stock.
- The Model 3 and Model Y made up nearly all of those deliveries — about 341,893 units, or roughly 97% of the total.
- The Cybertruck hasn’t become the mainstream hit the company hoped for, and Tesla is still winding down production of its Model S and X.
- CEO Elon Musk confirmed on X that orders for those models have officially ended.
On the energy side, things were even more surprising.
- Tesla deployed 8.8 gigawatt-hours of battery storage in Q1, well below the 14.2 GWh it deployed in Q4 2025.
- Analysts at William Blair called the drop-off confusing, noting that the usual “lumpy” nature of energy deployments doesn’t fully explain the shortfall.
Tesla stock is now down 18% so far in 2026.
That follows a rough 2025, where full-year deliveries fell to 1.64 million from 1.79 million the year before.
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What the Market Is Telling Us About Tesla Stock
Investors are growing impatient. Tesla stock has now declined three years running in Q1, and the big turnaround story — Cybercab, Optimus robots, autonomous driving — hasn’t translated into revenue yet.
The company still depends almost entirely on car sales.
There are added headwinds too.
- Consumer backlash tied to Musk’s political activities has hurt demand in key markets.
- The $7,500 federal EV tax credit also ended in September.
On a brighter note, rising oil prices following U.S. and Israeli strikes on Iran have sparked more interest in used EVs.
All eyes now turn to April 22, when Tesla reports Q1 earnings. Margins and supply chain pressures will be front and center.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
