Tesla stock tumble as first-quarter deliveries were worse than expected."They were a disaster on every metric," said Wedbush Securities analyst Dan Ives.The stock is also under pressure as competition rises from Chinese EV makers.

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The stock market jumped on Wednesday after a report said Elon Musk would soon step back from his role in the government. [Politico reported](

A day after US President Donald Trump announced his far-reaching tariffs, the US stock market faced a brutal sell-off, with the S&P 500 plummeting nearly 5%, erasing over $2 trillion in value — the worst drop since 2020.

Tesla Chief Executive Elon Musk says the electric-car maker won't be “unscathed” by President Trump’s 25% auto tariffs. But the stock-market reaction suggests the car company might be able to better navigate them than its American rivals.

With shares down 35% year to date, many Tesla (NASDAQ: TSLA) investors have decided that Trump's election victory isn't the windfall they expected. The company is reeling from slowing international sales due in part to CEO Elon Musk's political involvement in the new administration.

Tesla stock had its best day since Trump won the presidential election. Shares rose almost 12% Monday, handing Tesla its longest winning streak since December and its best four-day stretch since mid-November,

Shares of mega-cap tech leaders tumbled Wednesday afternoon after a surprise announcement of auto tariffs from the White House.

Tesla (TSLA) stock took another hit as China-made EV sales fell 11.5% year-over-year in March. This decline follows a weak performance in