First analyst reactions arrive as Tesla stock sinks on Q1 deliveries miss
) stock fell as much as 6% in early New York trading session Tuesday after Elon Musk’s electric vehicle company reported disappointing deliveries for the first quarter.
This 8.5% decrease in deliveries compared to the same period last year is a notable setback for the world's most valuable automaker, recalling the last sales decline in the second quarter of 2020 amid COVID-19 pandemic-induced production halts.Wedbush: “Let's call this as it is: While we were anticipating a bad 1Q, this was an unmitigated disaster 1Q that is hard to explain away.
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