Tesla said it delivered 358,023 electric vehicles in the first quarter of 2026, a 6% increase from a year earlier but still below Wall Street expectations, as the company continues to prioritize its long-term shift toward robotaxis and humanoid robots.
The results highlight the growing tension between maintaining core EV growth and investing heavily in future technologies.
Following the release, Tesla’s stock fell more than 4% in premarket trading, reflecting investor concerns over slowing momentum in its core business.
Analysts had expected deliveries to land between roughly 365,000 and 372,000 vehicles, according to consensus estimates compiled by Bloomberg and Tesla, making this one of the company’s notable recent misses.