Tesla isn’t used to slowing down, but Q1 of 2025 says otherwise.

As the electric vehicle titan prepares to drop its earnings report, the market isn’t feeling so electric. Tesla’s stock has been on a slippery slope, down over 40% this year alone. The trigger? A cocktail of falling deliveries, rising competition, and Elon Musk—well, being Elon Musk.

Let’s talk numbers. Tesla delivered just over 336,000 vehicles this quarter—far from impressive in a world where expectations were set around 380,000. That’s not just a shortfall—it’s a wake-up call. Meanwhile, Chinese rivals are sprinting ahead, delivering record-breaking numbers and eating into Tesla’s lunch.

But here’s where it gets messier.

Instead of laser-focusing on Tesla’s core business, Musk has been busy playing politics, dabbling in government roles, and stirring controversy. The result? A growing number of investors and customers aren’t sure whether they’re buying a car or a side of chaos. For a brand that once stood for innovation and future-forward thinking, the distraction couldn’t come at a worse time.

Technically, Tesla’s chart looks like it’s on life support. Support levels are slipping, indicators are blinking bearish, and unless earnings bring a surprise bounce, the downtrend might just have more room to run.

Still, all eyes are on what’s next.

Will Musk shift gears and double down on Tesla’s real priorities—like the long-awaited affordable EV or the mysterious robotaxi project? Or will the brand continue to drift in the fog of flashy headlines and missed marks?

One thing is certain: Tesla’s not just reporting numbers this quarter—it’s reporting trust. And in today’s market, that may be the real currency.