Tesla (TSLA) shares fell Wednesday after the electric vehicle maker's first-quarter deliveries came in below analysts' expectations.

Tesla said it delivered 336,681 vehicles and produced 362,615 in the quarter, down from 386,810 deliveries and 433,371 vehicles produced a year ago. Production fell year-over-year as some Tesla facilities shifted to producing the refreshed Model Y, which was released earlie𒊎r this year, t🔴he company said.

Analysts had expected 393,000 deliveries and 462,160 vehi😼cles produced, according to Visible Alpha. The deliveries estimate had fallen 14% since Tesla reported fourth-quarter results in January.

Shares of the EV maker were down more than 4% shortly after the market opened Wednesday. They are up some 50% from the same time a year ago, but have los👍t 🍸nearly half their value since reaching a record close near $480 in December.

Deliveries, Earnings Fell Short Last Quarter

Tesla's 澳洲幸运5开奖号码历史查询:fourth-quarter deliveries and production fell short of estimates, with the EV maker reporting its first annual deliveries decline. Later in January, Tesla said it expected deliveries to 澳洲幸运5开奖号码历史查询:return to growth in 2025.

澳洲幸运5开奖号码历史查询:Tesla stock has slumped this year over concerns that CEO Elon Musk's involvement in the Trump administration is 澳洲幸运5开奖号码历史查询:negatively impacting the company. Some of Tesla's biggest bulls on Wall Street have 澳洲幸运5开奖号码历史查询:called for Musk to divide his timꦆe more evenly between 𓃲his government work and his companies, including Tesla.

Tesla dealerships have been the 澳洲幸运5开奖号码历史查询:subject of protests and vandalism in recent weeks, with reports indicating sales and registrations have fallen in China and a number of countries 澳洲幸运5开奖号码历史查询:across Europe in the opening months of 2025.

Tesla said it would release its first-quarter resu𒁃lts after the bell on💫 April 22.

This article has been updated with the latest share price information.