Tesla Inc.’s vehicle sales fell 13% last quarter to an almost three-year low, as the carmaker made over its most important model and dealt with international backlash against Elon Musk.

A tough year for Tesla stock continues after the carmaker reported a 13% drop in deliveries for the first quarter. Tesla shares were down 4.8% at $255.50 in premarket trading. Shares had already fallen more than 33% year-to-date when the market closed Tuesday.

Tesla continues to struggle along with the broader market. Another Wall Street analyst downgraded his price target on the stock. Many are still optimistic about the company's future but are figuring in near-term concerns.

Tesla (NASDAQ:TSLA) hasn’t exactly kicked off 2025 on a high note – the stock is down 36% with the first quarter now behind us.Don't Miss Our

Instead of appealing, JNJ said it would return to the tort system to litigate the cases. The company is holding a conference call Tuesday morning to provide more details. Ulta Beauty ( NASDAQ: ULTA) stock was +2.

On April 2, the U.S. plans to boost tariffs on many of its trading partners. Tesla faces some near-term challenges. But it could also benefit from the new conditions. On April 2, the situation will get even more complicated as the Trump administration reveals wide-ranging tariffs on goods imported into the U.