Tesla stock fell over 2% in premarket trading Wednesday as investors awaited first-quarter delivery numbers, according to Barron's. Investors expect Tesla deliveries to meet a certain range to stabilize the stock, while a lower figure could trigger more declines. Tesla shares have dropped by nearly a third in 2025 and 45% from their December peak. Wall Street's delivery estimates fell due to concerns over Musk’s political image and a Model Y refresh slowing purchases. Tesla's first-quarter 2024 deliveries fell short of Wall Street expectations, surprising investors despite earlier downward revisions—similar to the pattern seen this year.
