Tesla's Q1 deliveries missed, but signs of recovery include retooling, Elon Musk's actions, and new products

From Zacks Investment Research: 2025-04-02 18:10:00

Tesla missed Q1 delivery numbers with 336,681 total deliveries, down 13% YoY. Model 3/Y deliveries were 323,800, down 12% YoY, while other models and Cybertruck totaled 12,881, down 46% QoQ. Despite this, Tesla stock has already experienced a 26% drop year-to-date. However, there are signs that Tesla may have bottomed out, including a retool for Model Y production, Elon Musk stepping down from DOGE, and strong growth in the energy business. The long-awaited Tesla robotaxi is also set to debut in Austin in June, providing potential for recovery.



Read more at Zacks Investment Research: Tesla Q1 Deliveries Miss: 6 Reasons the Stock has Bottomed Anyway – April 2, 2025