Tesla’s Sales Miss by the Most Ever in Brutal Blow for EVs (1)

Tesla Inc. had Wall Street analysts second-guessing their models as the first quarter came to a close. One after another reduced their estimate for vehicle deliveries.

They didn’t cut by nearly enough.

The carmaker led by Elon Musk delivered just 386,810 vehicles in the first three months of the year, missing Bloomberg’s average estimate by the biggest margin ever in data going back seven years. Tesla’s shares fell 4.9% Tuesday in New York, extending their 2024 slide to 33%, the second-worst showing in the S&P 500 Index.

A myriad of red flags went up throughout the quarter. First, Tesla ...