deliveries

Wedbush analyst Dan Ives reported that Tesla delivered 336,681 vehicles in Q1 2025, falling short of Wall Street's forecast of 352,000 and whisper estimates around 350,000. Tesla attributed part of this underperformance to several weeks of production loss while ramping up the new Model Y. Ives described the performance as “a disaster on every metric” and emphasized that it represents a pivotal moment for CEO Elon Musk, who has been increasingly involved in U.S. government affairs, potentially affecting the brand negatively. Following the delivery report, Tesla's stock initially dropped over 5 percent but rebounded by 8 percent, currently trading up over 5 percent at 3.01. This recovery was linked to reports of Musk potentially stepping back from his role in the Department of Government Efficiency (DOGE). Ives expressed optimism about Tesla's future advancements in robotaxi technology and Full Self-Driving capabilities but cautioned that Musk needs to balance his responsibilities with DOGE and leading Tesla to avoid further crises.