Stock Market Today, April 2: Tesla Falls After Vehicle Deliveries Miss Estimates [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
reacted to weaker-than-expected first-quarter delivery figures. The stock moved lower after Q1 2026 deliveries of 358,023 vehicles missed estimates. Trading volume reached 76.2 million shares, nearly 24% above its three-month average of 61.6 million shares. Tesla IPO'd in 2010 and has grown 22,577% since going public. How the markets moved today The broader markets ended Thursday modestly higher, with the S&P 500 inching up 0.09% to 6,582 and the Nasdaq Composite adding 0.18% to finish at 21,879. Within automotive manufacturing, industry peers showed mixed trading as Ford Motor Company closed at $11.59 (-0.77%), while General Motors ended at $72.54 (-3.33%), underscoring pressure across legacy and EV-focused carmakers. What this means for investors Tesla's Q1 deliveries of 358,023 vehicles came in slightly below analysts' expectations for 365,000 EVs, helping to spur today's sell-off. While this figure is 6% higher than Q1 last year, it was down 14% sequentially from Q4 2025.
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