On 2 April, Liberation Day, President Donald Trump will announce a big new round of tariffs on global exports to the United States.
And Tesla (TSLA) will release data for first-quarter deliveries. Analysts expect the report to show a dip on the same period last year.
For example, Dan Ives, managing director at the Wedbush Securities and a self-avowed Tesla “core bull”, forecasts deliveries at between 355,000 and 360,000, a fall of 7% on the same period last year and down from initial predictions across Wall Street of 400,000.
Ives, who recently warned investors that Tesla was facing a “brand tornado crisis moment,” said he estimates 30% of the anticipated decline is due to brand damage associated with Musk and his involvement in the Department of Government Efficiency (DOGE). Tesla is also facing pressure on sales as consumers wait for an update to the top-selling Model Y. Tesla has also announced the launch of a lower-cost new model this summer.
