CNBC reported that Tesla's stock fell more than 5% in Thursday's trading session, marking its sharpest decline since early 2026. This drop occurred as first-quarter production and delivery figures showed a decline compared to the previous quarter, although the company still recorded slight growth year-on-year. The company has seen year-on-year sales declines for the past two years.
According to the report, total vehicle deliveries in the first quarter reached 358,023 units, while production reached 408,386 units. This figure is lower than analysts' expectations, which predicted around 370,000 vehicles and the consensus figure of 365,645 vehicles compiled and released by Tesla itself on March 26th.
Tesla's stock fell more than 5% in Thursday's trading session, marking its sharpest decline since the beginning of 2016, following disappointing first-quarter production and delivery figures.
Compared to the same period last year, the number of vehicles delivered increased by 6% (from 336,681 vehicles). However, for the whole of 2025, Tesla's total vehicle deliveries will decrease to 1.64 million vehicles, down from 1.79 million vehicles in 2024.
Following this decline, Tesla's stock has lost approximately 20% of its value since the beginning of 2026.
Tesla's two flagship models, the Model 3 and Model Y, continued to dominate, with a combined total of 341,893 vehicles delivered during the quarter. Tesla stated that delivery figures are the closest indicator of sales, although this is not fully defined in shareholder reports.
Meanwhile, CEO Elon Musk is reorienting the strategy towards future products such as the Cybercab self-driving car and the Optimus humanoid robot. However, these products have not yet been commercialized, leaving Tesla currently heavily reliant on revenue from automobiles.
In January, Tesla announced it would end production of its two high-end models, the Model S and Model X, and convert the production line at its Fremont (California) plant to manufacture the Optimus robot. These two models had already seen declining sales in recent years, with the Model 3 and Model Y accounting for 97% of total deliveries last year.
Sales of the Cybertruck, an electric pickup truck with a sharp, steel design, have not met expectations. Deliveries to customers began in late 2023.
Meanwhile, Tesla plans to accelerate deliveries of its Semi electric truck model by 2026, with a claimed range of approximately 500 miles.
In the energy sector, Tesla reported deploying 8.8 GWh of battery energy storage systems in the first quarter, down from a record 14.2 GWh in Q4 2025 and lower than the 10.4 GWh deployed in the same period last year. Products include Powerwall backup batteries for homes and Megapack and Megablock systems for data centers and the power grid.
According to William Blair analysts, global demand for electric vehicles (outside of China) remains under pressure, and Tesla is trending toward scaling back its electric vehicle segment in pursuit of a fully automated future. However, the decline in the energy sector is considered more concerning, as it cannot be fully explained by the timing of customers' grid connection.
Tesla shares fell 15% in the first quarter, extending a two-year downtrend. While stocks typically recover in later quarters, the early part of the year has seen consistently negative fluctuations.
Elon Musk at President Donald Trump's campaign rally (Photo: AP)
Tesla's projected sales decline in 2025 stems from increased global competition. Many users are reacting to CEO Elon Musk's political views, including his support for President Donald Trump and certain controversial figures and organizations in Europe.
The US electric vehicle market was also impacted when the federal tax incentive of $7,500 for new electric vehicles ended in September. Conversely, demand for used electric vehicles increased amid rising oil prices, following the US and Israel's attacks on Iran in late February, which heightened geopolitical tensions.
Iran subsequently retaliated by targeting cargo ships transiting the Strait of Hormuz, further destabilizing global energy supplies.
Tesla's automotive gross profit margin and supply chain disruptions are expected to be key factors when the company releases its first-quarter earnings on April 22nd.
Source: https://vtv.vn/con-tau-tesla-dang-gap-kho-100260403111829994.htm
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