Stock Market Today, April 6: Tesla Falls After Q1 Delivery Miss as Analysts Cut Targets

By Eric Trie – Apr 6, 2026 at 5:24PM ESTExpandNASDAQ: TSLATeslaToday's Change(-2.16%) $-7.79Current Price$352.80Key Data PointsMarket Cap$1.4TDay's Range$346.64 - $367.7052wk Range$214.25 - $498.83Volume4MAvg Vol62MGross Margin18.03%Tesla (TSLA 2.16%), electric vehicles and energy storage maker, closed Monday at $352.82, down 2.15%. The stock moved lower after bearish analyst commentary and estimate cuts following Tesla’s Q1 delivery miss and investors will be watching how upcoming Q1 earnings will address inventory and EV demand trends.The company’s trading volume reached 76.8 million shares, which is nearly 23% above compared with its three-month average of 61.8 million shares. Tesla went public in 2010 and has grown 22090% since its IPO.How the markets moved todayThe S&P 500 (^GSPC +0.44%) added 0.43% to finish Monday’s session at 6,611.83, while the Nasdaq Composite (^IXIC +0.54%) gained 0.54% to close at 21,996.34. Among automotive and clean energy peers, General Motors (GM +1.23%) closed at $73.42 (+1.24%) and Ford Motor Company (F +0.09%) finished at $11.61 (+0.09%) as investors weighed mixed legacy auto sales trends.What this means for investorsTesla shares fell after a first-quarter delivery miss prompted analysts to cut targets, with JPMorgan reiterating a bearish rating and pointing to rising inventory and valuation risks. Deliveries of about 358,000 vehicles, alongside weaker energy storage results, reinforced concerns that supply is running ahead of demand, raising the likelihood of further pricing pressure and margin compression even as views on the stock remain divided.The decline comes even as strong regional data, including a surge in South Korean registrations and Tesla reclaiming the global top EV sales position, suggest demand remains uneven rather than broadly deteriorating. This divergence leaves the stock sensitive to how quickly inventory can be worked down without additional price cuts. Investors will be watching upcoming earnings for evidence that inventory levels are normalizing through improved sell-through rather than through price reductions as well as signs that deliveries stabilize in core markets such as China and North America.Read NextApr 6, 2026 •By David Jagielski, CPAWill the SpaceX IPO Be Bad News for Tesla's Stock?Apr 6, 2026 •By Matt DiLallo8 Best Robotics Stocks to Buy in 2026Apr 6, 2026 •By Sean WilliamsSpaceX Puts the Wheels in Motion for Its IPO: 5 Reasons Why I Plan to Completely Avoid ItApr 4, 2026 •By Ryan VanzoPrediction: Tesla Stock Is a Buy Before 2029 Due to This $10 Trillion OpportunityApr 4, 2026 •By Prosper Junior BakinyPrediction: AI Robotics Will Be a $375 Billion Industry and These 2 Stocks Will Lead ItApr 4, 2026 •By Lyle DalyThe Largest Consumer Discretionary Companies by Market Cap in April 2026About the AuthorEric Trie is a Motley Fool contributing stock analyst covering technology and semiconductors, healthcare, financial services, and consumer sectors. Previously, he worked in investment analysis and financial writing. He holds a B.A. in Philosophy from Rutgers University. Eric lives in New York City and is an avid sports fan.CMFIdeaMachineStocks MentionedTeslaNASDAQ: TSLA$352.82(-2.15%)-$7.77General MotorsNYSE: GM$73.43(+1.23%)+$0.89Ford Motor CompanyNYSE: F$11.61(+0.04%)+$0.01*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.