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Tesla's first-quarter deliveries miss estimates as tax credit expiry weighs

ReutersApr 2, 2026 1:01 PM

- Tesla TSLA.O missed Wall Street expectations for first-quarter deliveries on Thursday, as the expiry of U.S. tax credits on the purchase of electric vehicles weighed on demand.

The company delivered 358,023 vehicles in the January-March period, down 14.4% from the fourth quarter, up 6.3% from a year earlier.

Analysts on average had expected deliveries of 368,903 vehicles, according to Visible Alpha data.

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