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Tom Zhu

Tom Zhu

Senior Vice President of Automotive, Tesla

Appears in 1 story

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Tesla's demand problem deepens as deliveries miss for a second straight year

Money Moves

Overseeing global automotive operations

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 4 days ago