Tesla stock was down on Wednesday after a severely disappointing first-quarter delivery report that will stoke fear of brand damage caused by CEO Elon Musk’s political activities. Tesla delivered 336,

Tesla shares fell Wednesday after the electric vehicle maker's first-quarter deliveries came in below analysts' expectations.

There is some reason for optimism, but the risk of bad news coming also exists. Some of the latter is already priced into the stock, though. Tesla shares have plunged by about 32% year to date. That's after the stock jumped 6.2% as of 11:55 a.m. ET today.

Amid growing fallout over Elon Musk’s involvement in the Trump administration, Tesla’s sales fell a staggering 13 percent in the first quarter of 2025 year over year.

The Tesla logo is seen on a car at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 27, 2024. REUTERS/Sarah Meyssonnier/File Photo Tesla's sales have plummeted to their lowest level in three years in a surprise drop after a backlash against its boss Elon Musk.

It’s ironic that, as a pro-democracy and pro-climate group, we’re protesting against electric cars,” one activist said. “But you cannot sacrifice our democracy for one piece of the thing.”