Stock Market Today, April 2: Tesla Falls After Vehicle Deliveries Miss Estimates

By Josh Kohn-Lindquist – Apr 2, 2026 at 5:01PM ESTExpandNASDAQ: TSLATeslaToday's Change(-5.46%) $-20.81Current Price$360.45Key Data PointsMarket Cap$1.4TDay's Range$359.04 - $370.2552wk Range$214.25 - $498.83Volume3.9MAvg Vol62MGross Margin18.03%Tesla (TSLA 5.46%), a leading maker of electric vehicles and energy storage solutions, closed Thursday at $360.56, down 5.43%, after investors 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 todayThe 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 investorsTesla’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. However, the more worrying figure, in my opinion, came from its battery energy storage deployments of 8.8 gigawatt hours. This was a 15% drop from Q1 the previous year and a painful 38% decline from the record-breaking 14.2 GWh it had set in Q4 last year.As Tesla shifts its primary focus from EVs to energy storage, Optimus robots, and Cybercabs, investors and analysts alike were hoping to see stronger results from its burgeoning energy storage unit.Read NextApr 2, 2026 •By Keith NoonanTesla's Vehicle Deliveries Are Down 14% From Last Quarter.

Is It Time to Consider These 2 EV Competitors?Apr 2, 2026 •By Howard SmithWhy Tesla Stock Fell After Q1 DeliveriesApr 1, 2026 •By Thomas NielTesla Fans Could Be the Next Big Wave of SpaceX InvestorsApr 1, 2026 •By Lyle DalyThe Largest Companies by Market Cap in April 2026Apr 1, 2026 •By Daniel MillerAmazon Is Starting to Put Tesla in the Rearview MirrorApr 1, 2026 •By Lee SamahaWhere Will Tesla Stock Be in 5 Years?About the AuthorJosh Kohn-Lindquist is a contributing Motley Fool stock market analyst covering consumer goods, industrials, and technology stocks. Previously, Josh was a senior mutual fund accountant at Gemini Fund Services. He holds a bachelor’s degree in business management from the University of South Dakota.TMFJorykoX@JorykoliStocks MentionedTeslaNASDAQ: TSLA$360.59(-5.42%)-$20.67*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.