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.
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-Tomi Kilgore
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April 02, 2025 09:08 ET (13:08 GMT)
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