Tesla published its company-compiled Wall Street consensus for first-quarter 2026 deliveries on Thursday, and the number — 365,645 vehicles — paints a picture of a company still struggling to return to meaningful growth after two straight years of declining sales.
The consensus, drawn from 23 sell-side analysts, implies an 8% increase from the 336,681 vehicles Tesla delivered in Q1 2025. But that comparison is misleading, and the market knows it.
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