Tesla Inc ( TSLA ) shares are trading at their lowest levels in nearly a year Tuesday amid multiple developments. New reports indicate the EV maker has delayed Cybertruck deliveries.

What To Know: Tesla shares are on pace to close in the red for the third consecutive day as the company continues to battle weakening demand trends.

According to a Wall Street Journal report published Tuesday afternoon, Tesla has pushed back the scheduled delivery dates for multiple Cybertruck buyers without providing a reason for the delay. It’s not clear how many customers are being impacted.

Tesla’s Cybertruck, which was released in November, was one of the most highly anticipated vehicle launches of all time. Despite garnering significant attention for its futuristic design, CEO Elon Musk has said that the vehicle is not likely to be cash flow positive for some time.

The selloff in Tesla shares picked up on Monday following reports the company was planning to lay off more than 10% of its workforce. The selling pressure was further intensified by news that two key Tesla execs, Drew Baglino and Rohan Patel, would be leaving the company.

Wedbush’s Dan Ives called Baglino’s departure an “absolute gut punch loss” this week and said it’s time for Musk to right the ship, as the string of bad news in recent months has been a "horror show” for the Street.

Investors continue to brace for earnings next week. Analysts are anticipating EPS of 53 cents and revenue of $22.605 billion, according to estimates from Benzinga Pro.

GLJ Research analyst Gordon Johnson maintained Tesla with a Sell rating on Tuesday and lowered his price target from $23.53 to $22.86, noting that consensus estimates for the quarter are “still too high.”

The longtime Tesla bear warned that Tesla could report its first negative free cash flow quarter since 2020 next week on the back of excess production, waning demand and inventory build problems.

Related Link: Elon Musk Re-Enters ‘Wartime CEO’ Mode? Tesla Chief Explains Necessity Of Massive Job Cuts Amid Report Of Critical Giga Texas Projects At Risk

TSLA Price Action: Tesla shares are down approximately 11% over the last week and more than 36% year-to-date. The stock was down 2.76% at $157.01 Tuesday afternoon, per Benzinga Pro.