Tesla's first-quarter deliveries fell short of expectations, and inventory levels continue to rise.

WealthCoffee · 2026-04-08T00:45:32+00:00

In the first quarter of 2026, Tesla delivered 358k vehicles, a year-on-year increase of 6.3%, but below market expectations. Production volume was 408k units, exceeding deliveries by 50k units, attracting market attention.

WealthCoffee

2026-04-08 00:45:32

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【Caixin Global】 In the first quarter of 2026, Tesla delivered a total of 358,000 vehicles worldwide, up 6.3% year over year, but down 14.4% quarter over quarter. On April 2, local time in the United States, Tesla (NASDAQ：TSLA) released the above information.

Tesla’s delivery data was below market expectations. Previously, 23 institutions including Goldman Sachs, Morgan Stanley, Barclays, and UBS had estimated Tesla’s first-quarter delivery volume to be 366,000 vehicles.

The differences between the production and sales data Tesla disclosed have also drawn market attention. In the first quarter, Tesla produced 408,000 vehicles, exceeding deliveries by 50,000. During the five-year period from 2021 to 2025, Tesla’s annual gap between production and sales only reached 56,000 vehicles in 2022.

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