TSLA stock slumps 4% as Q1 deliveries miss estimates

Tesla shares dropped over 4% after reporting Q1 deliveries of 3,58,023 vehicles, missing Wall Street estimates of 3,65,645. While production remained strong at over 4,08,000 vehicles and energy storage deployments reached 8.8 GWh, weaker deliveries and bearish retail sentiment weighed on investor confidence.