Tesla (TSLA) Stock Analysis: Musk’s Washington Exit Plan Rescues Tesla Stock From Delivery Slump
TLDR
- Tesla stock reversed early losses, rising 3.8% after report Musk will step back from Trump administration
- Q1 deliveries of 336,681 vehicles missed estimates by over 10%, marking worst quarter in nearly three years
- Tesla produced 362,615 vehicles, down 16% year-over-year
- Concerns mount about brand damage from Musk’s political activities affecting core EV buyers
- Model Y updates contributed to production challenges across all four factories
Tesla shares jumped 3.8% on Wednesday despite reporting disappointing first-quarter delivery numbers. The stock reversed earlier losses after Politico reported that CEO Elon Musk plans to step back from his role in the Trump administration “in the coming weeks.”
The electric vehicle maker delivered…
