As much as Elon Musk wants to stake Tesla Inc.’s future on artificial intelligence, he still needs to sell cars to fund those ambitions — and the auto business is only getting tougher.

Tesla likely delivered about 372,160 vehicles during the last three months, according to analysts surveyed by Bloomberg. While this would be up about 11% from a year ago, it would still rank among the lowest recent quarterly totals for the company. Sales early last year were marred by intense backlash against Musk’s stint with the Trump administration and production pauses tied to refreshing the Model Y, Tesla’s most popular vehicle.