Tesla stock is slumping into the weekend

Blame tariffs, protests, and Q1 delivery estimates.

3/28/25 1:30PM

Tesla’s stock is down 3.3% today. And while, as we’ve mentioned before, the stock doesn’t really need specific reasons to jump up or down, three factors are likely weighing on it ahead of the weekend.

1) Trump tariffs are going to hurt Tesla, too

While Tesla is more sheltered from President Trump’s auto tariffs than other car companies because it domestically manufactures its electric vehicles sold in the US, levies on parts it imports are certainly going to take a toll. Tariffs negatively affect the company’s aim to lower prices and raise margins. Don’t believe us? CEO Elon Musk, Tesla leadership, and the biggest Tesla bull out there, Wedbush Securities analyst Dan Ives, have all said so.

2) Protests are scheduled at Tesla locations around the country Saturday

While it might be tough to put an exact number on how damaging the recent string of Tesla protests have been to the brand’s bottom line, having people picketing out front of hundreds of Tesla locations nationewide this weekend doesn’t seem like it’s going to help. An FBI task force to “crack down on violent Tesla attacks” also doesn’t breed brand confidence. Already, Americans’ impression of the company is at an all-time low, following Musk’s forays into American politics. The vast majority of people are aware of the brand, but don’t want to buy it. And the number of used Teslas listed for sale has jumped 33% this year.

3) It reports Q1 deliveries next week and they’re expected to sting

Tesla is scheduled to report Q1 deliveries before market opening next Wednesday, April 2, and by most accounts vehicle sales are not headed toward Tesla’s promised “return to growth.” A Tesla-compiled list of analyst estimates pegs deliveries at 377,000, down from last year’s 387,000 first-quarter deliveries. Estimates this week from Wedbush and Deutsche Bank are even lower, predicting up to an 11% year-on-year decline.

Rani Molla5h

Amazon expands low-price Haul section to 14 new markets as Amazon Bazaar app

Amazon is expanding its low-cost Amazon Haul experience to a new stand-alone app called Amazon Bazaar.

Amazon launched its Temu and Shein competitor a year ago as a US mobile storefront on its website and has since expanded to about a dozen markets. Consumers could purchase many items for under $10, as long as they were willing to stomach longer delivery times.

Now, thanks to success in those places, the programming is expanding to 14 new markets — Hong Kong, the Philippines, Taiwan, Kuwait, Qatar, Bahrain, Oman, Peru, Ecuador, Argentina, Costa Rica, the Dominican Republic, Jamaica, and Nigeria — with a new app and name: Amazon Bazaar.

“Both Amazon Haul and Amazon Bazaar deliver the same ultra low-price shopping experience, with different names chosen to better resonate with local language preferences and cultures,” the company said in a press release.

Amazon extends Haul’s ultra low-price shopping experience to 14 new destinations with new Amazon Bazaar app

Big Tech’s most important infrastructure is at the bottom of the sea

While data centers on land are getting all the attention, Big Tech’s vast network of undersea fiber-optic cables carry 99% of all international network traffic.

Jon Keegan5h

Jon Keegan6h

After watching small drones reshape the battlefield in Ukraine, the US Army has announced plans to buy 1 million drones over the next two to three years, according to a report from Reuters.

The military threat of China’s dominance of the quadcopter-style drone industry is also driving the decision. But China’s control over much of the supply chain for drones, including rare earth magnets, sensors, and microcontrollers, will make it much harder for American drone manufacturers to catch up.

Rani Molla

They’re Out There

The wildest stuff Elon Musk said at Tesla’s shareholder meeting

Get ready to text and drive while the Optimus robot cures poverty.