Tesla kicked off the year 2026 with its weakest quarterly deliveries in a year, delivering 358,023 vehicles, which was below market expectations, as the US electric vehicle tax credits expired. In addition, the electric vehicle market was becoming increasingly competitive, especially from BYD. Tesla manufactured over 50,000 vehicles more than the number sold. Although sales of Teslas made in China increased and European sales improved, delays in Tesla’s Full Self Driving system approval in the EU and weaker US sales resulted in weaker performance. However, Tesla investors are more concerned with its future plans for robotaxis, energy storage, and robots rather than its car sales.
Tesla Deliveries Mark Weakest Quarter in a Year, Inventory Swells
