Tesla misses Q1 delivery estimates as inventory grows
Tesla delivered 358,023 vehicles in the first quarter, missing estimates as incentives faded. Unsold inventory rose to its highest level in four years.
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TESLA INC reported its weakest quarterly deliveries in a year for the first three months of 2026, missing Wall Street expectations as the electric vehicle pioneer faces fading incentives in the United States and intensifying global competition. Shares of the Elon Musk-led automaker fell more than 4% following the news, extending a year-to-date decline of approximately 15%.
