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Wednesday, April 2 is President Donald Trump’s “Liberation Day,” when he will unleash a plethora of “reciprocal” tariffs on trading partners worldwide. It is also the day when Elon Musk’s global electric vehicle (EV) company Tesla (TSLA) published its Q1 deliveries details. Expectations were somber for the EV leader amid heightened competition and Musk’s political standing.
Well, the numbers came in even below Street expectations as Tesla reported just 336,681 deliveries in Q1 2025, a drop of 13% from the prior year. Production also witnessed a slide to 362,615 vehicles from 433,371 vehicles in the year-ago period.