energyStorage News & Analysis

Tesla (TSLA) Shares Down 25% Year to Date Ahead of Earnings

Tesla (TSLA) shares are down nearly 25% year-to-date and off over 30% from highs. The company's Q1 deliveries saw a 6% rise to 358,023 vehicles, but fell short of the 365,000 forecasted by analysts. Additionally, its energy storage deployments decreased to 8.8 GWh, significantly missing the 14.4 GWh consensus and down from 10.4 GWh a year ago. Competition is intensifying in the electric vehicle market, potentially impacting Tesla's market share and future growth prospects.