Tesla, Inc. (NASDAQ:TSLA) is included among the 15 Best S&P 500 Stocks to Buy Right Now.
Tesla Posts Weaker-than-Expected Deliveries for Q1 2026
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Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, sells, and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products.
Tesla, Inc. (NASDAQ:TSLA) suffered a setback on April 2 after posting its weakest quarterly deliveries of the year. The company recorded deliveries of 358,023 vehicles in its production and deliveries report for Q1 2026, falling below the Wall Street estimates for a tally of 365,000 units. The shortfall was driven by the fading incentives in the US and the intensifying global competition in the electric vehicles business.
Moreover, the report revealed that Tesla, Inc. (NASDAQ:TSLA) produced 408,386 vehicles during the quarter. This indicates the electric car maker produced 50,363 more vehicles than it delivered, the widest gap in at least four years, signaling a build-up in unsold inventory.
However, on a more positive note, sales of Tesla, Inc. (NASDAQ:TSLA)’s China-made vehicles surged for a second straight quarter, posting a YoY growth of 23.5%.
Despite the setback, Tesla, Inc. (NASDAQ:TSLA) remains a favorite among hedge funds, putting it in our list of the 10 Best Car Stocks to Buy in 2026.
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