"Tesla delivered 358,023 vehicles in the January-to-March period, a 14 percent sequential decline and a miss versus consensus forecasts of roughly 365,000 to 370,000 units."
"In a notable shift underscoring mounting caution on Wall Street, three prominent investment banks slashed their price targets on Tesla Inc. shares over the past two weeks following the electric-vehicle giant's disappointing first-quarter 2026 delivery numbers."
"Goldman Sachs cut its target from $405 to $375 while maintaining a Hold rating. Analyst Mark Delaney pointed to soft EV sales trends and margin pressures."
Tesla's recent quarterly delivery figures fell short of expectations, leading to multiple price target cuts from Wall Street firms. The company delivered 358,023 vehicles in Q1, a 14 percent decline from the previous quarter. Analysts are concerned about softening EV sales and execution challenges. Despite these delivery issues, Tesla prioritizes advancements in AI, Robotaxi, self-driving technology, and its Optimus robot, indicating a broader vision beyond automotive sales.
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