Tesla shares fell sharply on April 2, 2026, after the electric vehicle maker reported first-quarter deliveries below estimates. The stock closed at $360.56, marking a rare back-to-back delivery miss and sparking investor concerns over its energy storage segment.
- Tesla reported Q1 2026 deliveries of 358,023 vehicles, below estimates of 365,000 units.
- The stock closed at $360.56, down 5.43% with trading volume 24% above the three-month average.
- Q1 energy storage deployments fell to 8.8 gigawatt hours, a 15% decline from the previous year and 38% below Q4 2025’s 14.2 GWh.
- The S&P 500 rose 0.09% to 6,582 and the Nasdaq Composite gained 0.18% to 21,879.
- Ford and General Motors closed lower at $11.59 (-0.77%) and $72.54 (-3.33%), respectively.
- Tesla’s stock has grown 22,577% since its 2010 IPO but faces challenges in sustaining growth.
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