Wall Street analysts were cautious about Tesla's first-quarter delivery data, but the results were even worse. Tesla's data showed that global deliveries were 386,800, hitting a new low for the past five quarters. Compared to the same period last year, deliveries fell by 8.5% and decreased by 20.2% compared to the fourth quarter of last year. This caused Tesla's stock price to drop by nearly 7%, with a market value of $530 billion, making it the biggest decliner in the S&P 500 index. Tesla's stock price has fallen by 28% so far this year, making it one of the worst-performing tech stocks. This is also the first year-on-year decrease in quarterly deliveries for Tesla in nearly four years, far below Wall Street's estimate of 454,200 vehicles. The global impact of the COVID-19 pandemic led to a decline in Tesla's sales in the second quarter of 2020.
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