Tesla’s (TSLA.O) first-quarter deliveries are expected to be lower than in the December quarter as ​the electric-vehicle maker struggles with uneven demand ‌and intensifying competition in key markets.

The Elon Musk-led EV maker is expected to report deliveries before the markets ​open on Thursday.

  • Analysts polled by Visible Alpha ​expect Tesla to deliver about 368,900 vehicles ⁠in the January–March period, representing a sequential decline ​of 11.8 per cent but growth of 9.6 per cent from a ​year earlier, when a major backlash against Musk’s far-right political rhetoric hurt sales
  • The average of 23 estimates compiled by ​Tesla is 365,645 units
  • Intensifying competition in Europe ​and China and the expiry of a $7,500 federal tax credit in ‌the ⁠US on EV purchases in September weigh on demand
  • While Wall Street estimates still point to modest growth this year, sentiment has shifted notably in ​recent months, with ​some analysts expecting ⁠a decline
  • Analysts expect deliveries of 1.7 million vehicles this year, and 1.84 ​million units in 2027, according to Visible ​Alpha ⁠data
  • Tesla is increasingly shifting its focus beyond electric vehicles, placing bets on solar energy, humanoid robots, ⁠and ​autonomous robotaxis as the next ​pillars of its business.