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Tesla stock is down over 35% this year, but it can keep going lower

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Summary
Nutrition label

58% Informative

Tesla 's first-quarter deliveries of 337,000 in the first quarter came in below Wall Street's estimates.

Deliveries fell 13% year over year and came in at the lowest levels seen since 2022 .

Rising competition and the negative impact of Tesla CEO Elon Musk and his role with the Department of Government Efficiency ( DOGE ) appear to have been the main culprits.

The stock is down over 35% this year , but it can keep going lower.