Tesla's first-quarter deliveries miss estimates as tax credit expiry weighs [Yahoo! Finance Canada]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance Canada
of electric vehicles weighed on demand, ?sending its shares down nearly 4% in premarket trading. The company delivered 358,023 vehicles in the ?January-March period, down 14.4% from the fourth quarter, up 6.3% from a year earlier. Analysts on average had expected deliveries of 368,903 vehicles, ?according to Visible Alpha data. Tesla has posted two consecutive years of declining deliveries for the first time in its history. Analysts have slashed their forecasts for deliveries in 2026, with some also warning of a third straight annual drop. Tesla ceded its title as the world's largest electric vehicle maker last year, as BYD's ?surging battery electric vehicle sales overtook ?the American automaker for the first time. While Europe weighed on Tesla's global figures last year, the company has since showed signs of stabilization, gaining market share in key ?markets such as France in the first quarter of 2026. Tesla's China-made electric vehicle sales rose for a second consecu
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