Tesla Shares Drop 3% Before Q1 2026 Deliveries Report

Tesla shares fell 3 percent on Friday, closing at 361.83, extending a year-to-date decline of 20 percent as investors await the company's first-quarter 2026 delivery report due early next week. The report is expected to show around 366,000 vehicles delivered, an 8 percent increase from the first quarter of 2025 but a 13 percent drop from the fourth quarter of last year, when Tesla delivered 418,227 units.

The anticipated figure, compiled from estimates by 23 analysts including those from UBS, Barclays, and Wells Fargo, underscores ongoing challenges in the electric vehicle market. Model 3 and Model Y vehicles are projected to account for the bulk, with about 351,000 units, while other models like the Cybertruck, Model S, and Model X make up just 14,000. For the full year 2026, analysts forecast 1.69 million deliveries, a modest 3 percent rise from 1.64 million in 2025, which marked the second straight annual decline for the company.

Tesla's 2025 results highlighted the pressures. Vehicle deliveries totaled 1.64 million, down from 1.79 million in 2024 and a peak of 1.81 million in 2023. Automotive revenue dropped 9 percent to 69.5 billion, contributing to a 3 percent overall...