Elon Musk's Tesla posts one of its weakest sales quarters in years as slump continues

Tesla delivered 358,023 vehicles in Q1, a result the company said was far below analysts' expectations. The sizable delivery shortfall signals weaker near-term revenue and production momentum and is likely to pressure EPS and shares by several percent near term. Investors should watch company commentary and regional production/demand drivers for implications to guidance and margins.

Analysis

Tesla delivered 358,023 vehicles in Q1, a result the company said was far below analysts' expectations. The sizable delivery shortfall signals weaker near-term revenue and production momentum and is likely to pressure EPS and shares by several percent near term. Investors should watch company commentary and regional production/demand drivers for implications to guidance and margins.