Tesla’s stock (TSLA) climbed nearly 4% to close at $268.46 on Tuesday ahead of the company’s first-quarter deliveries data, expected to be released on Wednesday. Analysts predict Tesla will report approximately 393,000 deliveries for the quarter, marking less than a 2% increase year-over-year and a decline from the previous quarter’s 495,570 vehicles.
Wedbush analysts, who maintain a bullish $550 price target for Tesla, anticipate a “soft” figure in the range of 355,000 to 365,000 deliveries. Tesla has faced challenges in 2025, particularly in key markets such as Europe and China. In the first two months of the year, Tesla registered just over 19,000 new vehicles in the European Union, a roughly 50% drop year-over-year. Similarly, Tesla’s sales in China reportedly fell nearly 50% in February compared to the same period last year.
The electric vehicle maker has also encountered political backlash regarding CEO Elon Musk’s involvement with the Trump administration’s Department of Government Efficiency, which Wedbush analysts believe is influencing Tesla’s quarterly delivery numbers.
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