Tesla falls short of Q1 delivery projections, stock drops 34%, analysts revise earnings estimates lower

From Nasdaq: 2025-04-03 10:02:00

Tesla fell short of Q1 delivery projections, reporting 336,000 deliveries, a 13% decline from last year. Analysts had revised Q1 earnings estimates lower, with EPS estimates dropping 18.03% in the past 60 days. Tesla stock has dropped 34% this year and is now a Zacks Rank #3 (Hold) in the Automotive – Domestic industry group.

President Trump is set to reveal reciprocal tariffs targeting other countries’ duties and trade barriers. Markets have remained steady leading up to the announcement, with the Fed on hold pending inflation impact from tariffs. Tesla’s recent delivery numbers are concerning, prompting analysts to revise earnings estimates lower.

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