What Tesla’s Troubles Signal for the E.V. Revolution

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Tesla’s woes prompt an E.V. reassessment Wall Street has sounded the alarm for weeks that the transition to electric vehicles may be stalling, despite billions in government subsidies and huge investments by auto giants. Tesla’s latest sales figures suggest that the pullback may be worse than thought — and beyond one company’s ability to fix. Tesla’s numbers undershot forecasts. The car maker’s stock fell nearly 5 percent on Tuesday after it reported deliveries of 387,000 cars worldwide in the first quarter — the Evercore ISI estimate was 443,000 — in its first year-on-year quarterly decline since 2020. That has contributed to a more than 30 percent decline in Tesla’s stock, which has made it one of the worst performers on the S&P 500 this year.