Tesla Q1 Deliveries Up 6.3% at 358,023 Cars but Energy Deployments Miss Expectations
Tesla delivered 358,023 vehicles in Q1, up 6.3% year-over-year but missing estimates by roughly 2%, while energy business deployments reached only 8.8 GWh versus 14.4 GWh forecasts. Rivian delivered 10,365 vehicles, 20% higher than last year and 4.2% above expectations, reaffirming its 62,000–67,000 annual guidance.
1. Q1 Delivery Results
Tesla delivered 358,023 vehicles in Q1, marking 6.3% year-over-year growth but falling roughly 2% short of consensus projections.
2. Energy Deployment Shortfall
The energy storage division deployed 8.8 GWh, well below the 14.4 GWh forecast, prompting a more than 5% decline in Tesla’s share price.
3. Rivian's Outperformance
Rivian reported 10,365 deliveries, up 20% year-over-year and about 4.2% above estimates, while maintaining its full‐year guidance of 62,000 to 67,000 vehicles and seeing its stock rise around 3%.
4. Analyst Outlook
Stifel continues to rate both companies as Buys, with price targets implying roughly 41% upside for Tesla and about 30% for Rivian.