Overview
- Tesla reported 358,023 deliveries and 408,386 vehicles built Thursday, and the stock fell about 5%.
- Production exceeded sales by roughly 50,000 vehicles, the widest gap in recent years that signals rising inventory.
- Energy storage deployments totaled 8.8 GWh, well below forecasts that had expected a stronger quarter from the segment.
- Tesla reclaimed the global battery‑electric lead over BYD in Q1, with 341,893 Model 3 and Model Y units making up nearly all deliveries.
- Analysts split on the path ahead, with some cutting targets as others lean on Tesla’s AI and robotaxi plans heading into the April 22 earnings report.