Tesla (TSLA) delivered slightly more than 336,000 electric vehicles between January and March, far below Wall Street’s already low expectations

The electric vehicle maker reported 336,681 global sales in the January to March quarter, down from 387,000 in the same period the year before, due to a combination of factors

It was a historically difficult quarter for the EV maker, with tariffs and growing protests over Elon Musk's work with DOGE weighing on sentiment.

Tesla stock (TSLA) ripped 4% higher today after a mix of bullish signals sent investors scrambling back in. According to Reuters, CEO Elon

Investors appear more concerned than analysts, as the stock has dropped much more than delivery estimates this year.

Tesla reported first quarter global deliveries that widely missed estimates, as demand issues clearly hit the EV-maker. For the quarter, Tesla reported 336,681 deliveries vs. 390,

On April 2, the U.S. plans to boost tariffs on many of its trading partners. Tesla faces some near-term challenges. But it could also benefit from the new conditions. On April 2, the situation will get even more complicated as the Trump administration reveals wide-ranging tariffs on goods imported into the U.

Tesla’s stock has plunged by roughly half since hitting a mid-December record as expectations of a lighter regulatory touch and big profits with Donald Trump as president were replaced by fear.