Tesla EV sales "underwhelming" as Elon Musk pivots to AI
By Nathan Bomey
Published on April 2, 2026.
Tesla's first-quarter deliveries were disappointing for investors, with a 6% increase from the previous year's period. The company's CEO, Elon Musk, is focusing on an AI-powered future and focusing on humanoid robots and self-driving car technology. Despite a surge in last-minute purchases of the Model S sedan and Model X crossover, the company's stock fell 5.4% on Thursday. However, there are positives in the EV universe, with Tesla's deliveries in China increasing by 35% in the first two months of the year. There are also signs of reconsidering EV sales due to high gas prices.
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