Tesla's Deliveries Are Down Sharply. Is it Time to Worry?

Protests and boycotts have driven many EV buyers to look elsewhere. Has Tesla's growth story stalled?

Apr 2, 2025 - 19:57
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Tesla's Deliveries Are Down Sharply. Is it Time to Worry?

Tesla (NASDAQ: TSLA) reported Wednesday that it delivered just over 336,000 electric vehicles worldwide in the first quarter of 2025, a number that fell well short of most Wall Street estimates.

The news followed a quarter in which Tesla's stock fell 36%, its worst quarterly performance since 2022, as protests and boycotts in the U.S. and Europe drove potential EV buyers to look elsewhere.

Tesla's stock moves can sometimes seem disconnected from the company's underlying fundamentals. But lately, those fundamentals really do seem to be slipping.

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