Tesla Q1 deliveries below expectations, but potential signs of bottoming out; neutral.

From Nasdaq

April 2, 2025 5:00 PM:

Tesla reported Q1 delivery numbers below expectations, with total deliveries at 336,681 and Model 3/Y at 323,800. The stock is down 26% YTD, facing challenges from political backlash, slowing EV demand, and competition from Chinese EV makers. Despite this, several factors suggest Tesla may have bottomed out, including Elon Musk stepping down from DOGE and strong growth in the energy business.

While Tesla’s stock has faced challenges, there are reasons to believe it may have hit bottom. The general market conditions deteriorated in Q1, but signs of a directional change have emerged. Model Y retooling and Elon Musk stepping down from DOGE are contributing factors. Additionally, Tesla’s energy business is thriving, with 156% YoY growth, and the long-awaited robotaxi is set to debut in Austin in June.

Zacks experts have identified 5 stocks set to double in 2024, with previous recommendations soaring up to +673.0%. These stocks are flying under the Wall Street radar, offering a ground-floor opportunity for investors. For more information on these potential home runs, visit the link provided.

Read more at Nasdaq: Tesla Q1 Deliveries Miss: 6 Reasons the Stock has Bottomed Anyway