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You don’t need to look far to understand the animus against Tesla (TSLA). Recently, the electric vehicle manufacturer disclosed a 13% drop in first-quarter 2025 deliveries, spiking anxieties among investors about the enterprise’s forward trajectory — and particularly that of the underlying security. Once a high-flying name on Wall Street, TSLA stock is now staring at a more than 40% loss on a year-to-date basis.
Unfortunately, the poor deliveries represent just one of the flashpoints facing the EV maker. Over the years, Tesla has repeatedly slashed its prices across its entire vehicle lineup to defend its market share. Of course, every action has a reaction. In this case, the pricing initiative pushed automotive gross margins (ex-credits) down into the low teens, well below the 20% to 30% gross margins it used to command.
