Tesla's first-quarter deliveries miss estimates as tax credit expiry weighs
u/app1310 ·
Reddit — r/stocks
· April 02, 2026 at 13:18
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Tesla missed Wall Street expectations for first-quarter deliveries on Thursday, as the expiry of U.S. tax credits on the purchase of electric vehicles weighed on demand, sending its shares down nearly 4% in premarket trading.
The company delivered 358,023 vehicles in the January-March period, down 14.4% from the fourth quarter, up 6.3% from a year earlier.
Analysts on average had expected deliveries of 368,903 vehicles, according to Visible Alpha data.
As of now, Tesla shares are down by more than 4%.
[https://www.reuters.com/business/autos-transportation/teslas-first-quarter-deliveries-miss-estimates-tax-credit-expiry-weighs-2026-04-02/](https://www.reuters.com/business/autos-transportation/teslas-first-quarter-deliveries-miss-estimates-tax-credit-expiry-weighs-2026-04-02/)