Tesla car deliveries, below expectations in the first quarter of 2026. Decrease of 14% compared to the previous quarter.

Tesla reported for the first quarter of 2026 the delivery of 358,023 vehicles, down 14% compared to the previous quarter and below analysts' expectations, which estimated around 370,000 units. Although the data indicates a 6% annual increase compared to Q1 2025, total production reached 408,386 vehicles, suggesting a stock accumulation in a context of volatile demand and increasing competition in the global electric vehicle market.

The market reaction was swift, with Tesla shares falling over 4% in Thursday's trading, continuing a negative trend that has lasted for two years, with a loss of 15% in Q1 2026. The Model 3 and Model Y models dominated deliveries, with over 340,000 units, while production for the S and X models was halted, and the assembly lines in Fremont will be redirected towards the development of humanoid robots Optimus. CEO Elon Musk is accelerating the company's strategic repositioning towards emerging technologies, but these products do not yet generate commercial revenues, leaving the company dependent on car sales.

The difficulties encountered by other projects, such as the Cybertruck model and the electric Semi truck, contribute to the challenges Tesla faces amid intensifying competition and the removal of federal subsidies for electric vehicles in the U.S.