特斯拉错过了Q1送货号

Zacks排名第3（持有）Tesla（TSLA）下降26％。同时，在政治强烈反对的情况下，股票遍布40％以上，减缓了电动汽车需求

Tesla (TSLA) missed Q1 2024 delivery expectations, reporting 336,681 units delivered compared to the 378,000 estimated by analysts polled by FactSet. Se Despite the miss, several factors suggest that the worst may be priced into Tesla’s stock.

特斯拉（TSLA）错过了第1季度2024 Q1 2024期望，报告了336,681辆，而分析师估计的FACTSET估计的378,000个单位。 SE尽管错过了，但有几个因素表明，最坏的因素可能被定为特斯拉的股票。

Year-to-date, the Zacks Rank #3 (Hold) stock Tesla is down 26%. Meanwhile, shares have cratered more than 40% amid political backlash, slowing EV demand, tariff concerns, and cutthroat competition from Chinese EV makers like BYD, Xpeng (XPEV) and Li Auto (LI). This morning, the world’s leading EV-maker reported one of its most anticipated quarterly delivery numbers in its history:

Zacks排名第3（持有）Tesla的排名第3（持有）下降了26％。同时，由于政治强烈反对，降低了电动汽车需求，关税的关注以及来自中国电动汽车制造商的竞争，例如BYD，XPENG（XPEV）和Li Auto（Li Auto（Li）），股票遍布40％以上。今天早上，全球领先的EV-Maker报告了其历史上最受期待的季度交货人数之一：

• Total Q1 Deliveries: 336,681 (Consensus Estimates: 378k); -13% YoY

•Q1总数：336,681（共识估算：378K）； -13％同比

• Model 3/Y: 323,800 (Consensus Estimates: 351.9k); -12% YoY

•模型3/y：323,800（共识估计：351.9k）; -12％同比

• Other Models + Cybertruck:12,881; -46% QoQ

•其他型号 + Cyber​​truck：12,881； -46％QOQ

• Total Q1 Production: 362,615

•总Q1生产：362,615

Tesla: Is the Worst Priced In?

特斯拉：价格最差吗？

A humorous Wall Street adage warns "Sometimes when you try to call bottoms, all you end up with is stinky fingers." For Tesla, the question on investor’s minds is "Can Tesla recover from a tumultuous start to the year, or is there more pain ahead?" Below are five reasons Tesla has likely bottomed, including:

幽默的华尔街格言警告说：“有时候，当您试图打电话给底部时，最终您的一切都是臭的手指。”对于特斯拉来说，投资者的想法是“特斯拉可以从一年的动荡开始，还是有更多痛苦？”以下是特斯拉可能触底的五个原因，包括：

1. The General Market Conditions Deteriorated: Stocks are a product of their environment (the general market direction). Unfortunately, the first quarter of the post-election presidential cycle is one of the weakest times to be long stock. Sure enough, stocks experienced their first correction of 2025 and the first in several months. The hardest hit stocks were from the “Trump Trade,” which includes names like TSLA, the iShares Bitcoin ETF (IBIT), and Coinbase (COIN). Luckily, several data points suggest that a Market Bottom is in Sight After Q1 Struggles.

1。一般市场条件恶化：股票是其环境的产物（一般市场方向）。不幸的是，大选后总统周期的第一季度是长期股票最薄弱的时期之一。果然，股票经历了2025年的首次纠正和几个月以来的第一个更正。最困难的股票来自“特朗普贸易”，其中包括TSLA，Ishares Bitcoin ETF（IBIT）和Coinbase（Coin）等名称。幸运的是，几个数据点表明，在Q1挣扎之后，市场就会看到市场底部。

Image Source: BTIG, Bloomberg

图像来源：BTIG，彭博社

2. Sell the Rumor Buy the News: Wall Street is a discounting mechanism constantly looking toward the future. In all likelihood, savvy investors were likely pricing in the poor delivery numbers in advance. When the bad news finally hits the news wires, its too late to be negative. Recently, TSLA shares have shown subtle signs of a directional change. For instance, the Nasdaq 100 Index ETF (QQQ) hit a fresh low on March 31st. Meanwhile, TSLA shares last printed a low on March 11th and have decoupled since.

2.出售谣言购买新闻：华尔街是一种折扣机制，不断地展望未来。精明的投资者很可能会提前定价。当坏消息终于碰到新闻电线时，为时已晚。最近，TSLA股票显示出定向变化的微妙迹象。例如，纳斯达克100索引ETF（QQQ）在3月31日命中率新的低点。同时，TSLA股票上次在3月11日打印出低点，此后已脱钩。

3. Model Y Retool: An obvious reason Tesla deliveries were soft in Q1 is that the company had to retool its factories to produce the new version of its Model Y SUV (the best-selling car on Earth).

3. Y Model Y REDOOL：Tesla交付在Q1中的一个明显原因是，该公司必须重新制造工厂才能生产其新版本的Model Y SUV（地球上最畅销的汽车）。

4. Elon Stepping Down from DOGE: Tesla’s downside began accelerating as lead engineer and CEO Elon Musk shifted his focus to “The Department of Government Efficiency.” Today, the Trump Administration confirmed that Musk will step down from DOGE soon. Dan Ives, a top Tesla analyst, believes that Musk’s involvement in government is a $100 overhang for the stock.

4。埃隆从杜格（Doge）辞职：特斯拉（Tesla）的缺点开始加速，首席工程师兼首席执行官埃隆·马斯克（Elon Musk）将重点转移到“政府效率部”。今天，特朗普政府确认马斯克将很快从总督里辞职。特斯拉的顶级分析师丹·艾夫斯（Dan Ives）认为，马斯克（Musk）参与政府的股票是100美元的股票。

5. Energy Business is Rocking: Few analysts on Wall Street discuss Tesla’s often-overlooked energy business. In Q1, Tesla deployed 10.4 GWh of energy storage, which is good for 156% year-over-year growth.

5。能源业务正在摇摆：华尔街上很少有分析师讨论特斯拉经常被忽视的能源业务。在第一季度，特斯拉部署了10.4 gwh的储能，这对于同比增长156％是有益的。

Image Source: @sawyermerritt

图像来源：@sawyermerritt

6. Robotaxi is Here: Elon Musk confirmed that the long-awaited Tesla robotaxi will debut in Austin in June.

6. Robotaxi在这里：埃隆·马斯克（Elon Musk）证实，期待已久的特斯拉（Tesla Robotaxi）将于6月在奥斯丁首次亮相。

Despite missing Q1 delivery expectations, several factors suggest that the worst may be priced into Tesla’s stock. CEO Elon Musk is stepping down from DOGE, temporary Model Y production disruptions will dissipate, and strong energy business growth will propel TSLA shares.

尽管缺少Q1交付期望，但有几个因素表明，最差的特斯拉股票可能会定价。首席执行官埃隆·马斯克（Elon Musk）正在辞职，临时模型Y生产中断将消失，强劲的能源业务增长将推动TSLA股份。

This article originally published on Zacks Investment Research (Zacks.com)

本文最初发表在Zacks Investment Research（Zacks.com）上

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