Tesla's Q1 Misses, Shares Plummet

0:00Tesla's first quarter deliveries in 2026 missed the mark big time, dropping 358,000 vehicles against. Expectations of around $370,000. They produced $408,000, but that shortfall hit hard. Sending shares down 5.4% on Thursday, April 2nd. Say, worst day of the year so far, with a stock now off more than 20% overall. Year over year, deliveries actually climbed 6%. The last year's first quarter was already down 13% from 2024, making the comms easier. Model 3 and Model Y made up most of it at $342,000, while other models like SX, which are getting phased out, and Cybertruck added just $16,000. Analysts at BMP Parbar are calling this a make or break year, reiterating their underperform rating with a $280 target about 22% below current levels. They're worried about heavy cash burn, 7 billion estimated and big bets on robotaxes

1:02expanding to 7 new cities this half, plus optimist robots. Replacing SNX production, on the bright side, Tesla topped BYD for global EV sales and boosted China deliveries 9% to 85,000 from its Shanghai plant. Europe shows recovery too, with registrations of 55% in France, 74 in Spain, and over 100% in Portugal, even. After tough losses last year, all eyes stay on Tesla's AI pivot, and whether robotaxes and optimist deliver, as this year shapes up to test if the EV king can evolve or stumble. Powered by AI, this is Durham News today.