**[Tesla Q1 Deliveries Fall Short of Expectations, Traditional Business Under Pressure]** According to a report by Jinse Finance, on April 2, Tesla announced one of its worst quarterly sales performances in recent years, falling short of Wall Street expectations. The company is facing difficulties in transforming its core business, and the electric vehicle market is encountering challenges. On Thursday, the company stated that global deliveries for the first quarter totaled 358,023 vehicles, while the median analyst forecast was 372,160 vehicles—a figure that had been continuously revised downward over the past few weeks. This marks the second consecutive quarter in which Tesla has failed to meet expectations. Most investors are willing to overlook Tesla's sales trends as Elon Musk shifts focus to future business lines such as artificial intelligence, autonomous driving, and robotics. However, Tesla's traditional automotive business remains its primary source of cash flow. Following the release of the delivery data, Tesla's pre-market stock price fell 4%. As of Wednesday's close, the stock has dropped 15% this year and is down 22% from its all-time high in December of last year.