"Tesla's 358,023 Q1 deliveries represent the second consecutive quarter missing projections. U.S. sales were particularly soft at 119,900 vehicles, down 12.5% sequentially."
"GLJ Research maintains a Sell rating on TSLA shares with a price target of $24.86, characterizing Tesla's expected delivery growth as 'margin-dilutive subsidy arbitrage.'"
"Tesla disclosed this week that human operators can remotely control its robotaxis at speeds up to 10 mph, raising questions about the scalability of its driverless ambitions."
Tesla reported Q1 2026 deliveries of 358,023 vehicles, falling short of Wall Street's expectations. This marks the second consecutive quarter of missed projections, with U.S. sales declining significantly. The company is shifting focus from traditional EVs to robotaxis and humanoid robots, investing $20 billion in these areas. The broader delivery trend shows a decline in year-over-year deliveries. Concerns about the scalability of Tesla's robotaxi ambitions have emerged, with skepticism reflected in prediction markets regarding the launch of robotaxis.
Read at 24/7 Wall St.
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