Tesla's Stock Sinks After Deliveries Fall Even More Than Feared -- MarketWatch

Dow Jones04-02

Shares of Tesla Inc. $(TSLA)$ dove 4.1% in premarket trading Wednesday, after the electric vehicle giant reported first-quarter deliveries that were well below recently lowered expectations.

The company said it delivered over 336,000 vehicles during the first quarter, down from 387,000 deliveries a year ago.

That was well below the average analyst estimate compiled by FactSet of 404,000 vehicles, but the "whisper" number, or what Wall Street was quietly expecting, was much lower, as even the most bullish analyst was projecting a number in the 360,000 range.

This is breaking news. Check back for updates.

-Tomi Kilgore

For more from MarketWatch: http://www.marketwatch.com/newsviewer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

April 02, 2025 09:08 ET (13:08 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment