Tesla sales drop ‘shocking,’ stock could tumble, Barron’s says

All is not right at Tesla -and the company’s dreadful first-quarter delivery number confirms it, Al Root writes in this week’s edition of Barron’s. It shouldn’t have been a complete surprise. In January, Tesla acknowledged that it is stuck “between two major growth waves.” The first wave began with the expansion of the Model 3 and Y platform, while the second should start when the lower-priced “Model 2” is launched, perhaps in 2025. Admitting a problem, though, isn’t the same as fixing it. And getting Tesla growing again – at rates growth investors deem acceptable – won’t be easy, the author says. If things don’t change soon, the stock, already down 33% this year, could drop even more, the publication adds.