This is terrible news for Tesla stock investors.

Nikola Tesla (1856-1943), Serbian inventor and engineer (NASDAQ: TSLA)Deliveries in the first quarter of 2024 were disappointing, but the problem extends far beyond one quarter. Tesla's sales have not risen in response to the price drop, which suggests a problem with demand.

In this video, Travis Hoium describes the latest accomplishments and why they are so shocking to Tesla.

*The stock price used is the April 2, 2024 closing price. The frequency is April 3, 2024.

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Travis Hoium does not own any of the stocks mentioned above.The Motley Fool holds a recommendation for Tesla.The Motley Fool has a disclosure policy.Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting their services. If you choose to subscribe through their link, they will earn some extra money to support their channel. Their views are their own and are not influenced by The Motley Fool.

This Is Terrible News for Tesla Stock Investors was originally published by The Motley Fool.