Tesla, Inc.

Money Moves

Facing consecutive annual delivery declines and growing inventory

Tesla delivered 358,023 vehicles in the first quarter of 2026 — roughly 8,000 fewer than Wall Street expected — while producing over 50,000 more cars than it sold. That growing gap between production and deliveries signals something automakers dread: cars sitting on lots because buyers aren't showing up. The miss marks at least the fifth quarter in which Tesla has underperformed analyst expectations since early 2024.

Updated Apr 2

New Capabilities

Pursuing semiconductor vertical integration

Every company designing custom artificial intelligence chips today — Apple, Google, Amazon, Microsoft — pays someone else to manufacture them. Tesla just announced it will build and operate its own semiconductor fabrication plant, a $20 billion facility called TeraFab targeting the 2-nanometer process node, the most advanced manufacturing technology in existence. No company without decades of chipmaking experience has ever attempted this.

Updated Mar 21

Money Moves

Facing sales decline and leadership instability

Joe Ward, who started at Tesla as a logistics intern in 2010, now oversees global sales for a company hemorrhaging senior executives. His promotion follows Raj Jegannathan's departure after just months as North American sales chief—the second person to leave that role in under a year. Since April 2024, Tesla has lost more than a dozen senior leaders, including its head of batteries, its supercharging director, and the executive who ran operations across North America and Europe.

Updated Feb 10

New Capabilities

Expanding robotaxi pilot, under federal investigation

Tesla promised its robotaxis would be safer than human drivers. Seven months into its Austin pilot, the company's own crash reports tell a different story: one collision per 55,000 miles, roughly nine times worse than the human average. Every crash occurred with a trained safety monitor in the vehicle who could intervene—yet the system still failed. On February 3, 2026, Tesla executives defended the program before a Senate committee, insisting autonomous systems are safer than human drivers despite the data.

Updated Feb 5

New Capabilities

Provided telemetry data access to Lemonade, expanding FSD ecosystem

For a century, auto insurers priced risk based on the driver: age, driving record, location. Lemonade's January 2026 partnership with Tesla represents the first major attempt to price risk based on which entity—human or software—is actually controlling the vehicle. Tesla owners using Full Self-Driving get a 50% rate reduction on miles driven with the system engaged, a discount five times larger than Tesla's own insurance offers. The product launched in Arizona on January 26, 2026, as scheduled.

Updated Jan 31