Tesla (TSLA) shares fell Wednesday after the electric vehicle maker's first-quarter deliveries came in below analysts' expectations.

Tesla said it delivered 336,681 vehicles and produced 362,615 in the quarter, down from 386,810 deliveries and 433,371 vehicles produced a year ago. Production fell year-over-year as💧 some T🌺esla facilities shifted to producing the refreshed Model Y, which was released earlier this year, the company said.

Analysts had expected 393,000 deliveries and 462ꦇ,160 vehicles produced, accor൲ding to Visible Alpha. The deliveries estimate had fallen 14% since Tesla reported fourth-quarter results in January.

Shares of the EV maker were down more than 4% shortly after the market opened Wednesday. They are up some 50% from the same time a year ago, but have lost nearly half thei🦂r value since reaching a record close near $480 in December.

Deliveries, Earnings Fell Short Last Quarter

Tesla's 澳洲幸运5官方开奖结果体彩网:fourth-quarter deliveries and production fell short of estimates, with the EV maker reporting its first annual deliveries decline. Later in January, Tesla said it expected deliveries to 澳洲幸运5官方开奖结果体彩网:return to growth in 2025.

澳洲幸运5官方开奖结果体彩网:Tesla stock has slumped this year over concerns that CEO Elon Musk's involvement in the Trump administration is 澳洲幸运5官方开奖结果体彩网:negatively impacting the company. Some of Tesla's biggest bulls on Wall Street have 澳洲幸运5官方开奖结果体彩网:called for Musk to divide his time more evenly between his governmen🐬t work and his compa🎐nies, including Tesla.

Tesla dealerships have been the 澳洲幸运5官方开奖结果体彩网:subject of protests and vandalism in recent weeks, with reports indicating sales and registrations have fallen in China and a number of countries 澳洲幸运5官方开奖结果体彩网:across Europe in the opening months of 2025.

Tesla said it would release its first-quarter results after the b🅷ell on April 22.

This article has been updated with the latest share price information.