CryptoWorld reports that Tesla announced a global delivery volume of 358,023 vehicles in Q1 2026, falling short of analysts' median expectation of 372,160 vehicles. This marks the second consecutive quarter of underperformance. The company's core business transformation faces difficulties, and the electric vehicle market is encountering challenges. Although investors are focused on Musk's future plans in artificial intelligence, autonomous driving, and robotics, the traditional automotive business remains the main source of cash flow. After the delivery data was released, Tesla's stock price dropped 4% in pre-market trading, and this year's stock price has fallen approximately 22% from the December 2025 all-time high.