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Key Takeaways
- Tesla shares rose a day before the first-quarter delivery data, which is expected to be released on Wednesday.
- Analysts predict that deliveries will rise by less than 2% compared to the previous year and decline from the previous quarter.
- The release follows recent sales data in Europe and China that show a decline.
Tesla (TSLA), a stock of Tesla Inc., rose a full day before the release of the first quarter deliveries data on Wednesday.
The stock closed Tuesday at $268.46, up nearly 4%. According to Visible Alpha’s average analyst forecast, Tesla will report 393,000 deliveries for the first quarter. This would be a decrease from the 495,570 cars delivered in the previous quarter and a rise of less than 2% year-over-year.
Wedbush analysts, who hold a bullish $550 price target for Tesla, well above the average target of $349 compiled by Visible Alpha, recently said they expect "a very soft rip the band-aid off" figure in the 355,000 to 365,000 range.
Tesla has struggled in 2025. This is especially true in Europe and China, which are key markets. According to data from the European Automobile Manufacturers’ Association, Tesla registered just over 19,000 vehicles in the European Union during the first two months. This is down about 50% from last year. Tesla’s China sales also reportedly dropped close to 50% in February from the same time last year.
Tesla has also faced political backlash over CEO Elon Musk’s position at the Department of Government Efficiency under the Trump administration. Wedbush stated that this role is “clearly in play and a significant factor” for Tesla’s quarterly deliveries.
The data on deliveries comes after a particularly difficult period for the stock of the company. Tesla ranked among the worst-performing stocks in the S&P 500 in the first quarter, with shares losing more than a third of their value in the period amid worries about lagging sales, tariff uncertainty, and souring brand sentiment.
