10:56 AM EDT, 03/19/2026 (MT Newswires) -- Tesla's (TSLA) Q1 deliveries are expected to fall by about 18% from the previous quarter to 345,000, down from an earlier estimate of 360,000, UBS analysts said in a Thursday note.

The deliveries number is unlikely to matter much for the company's stock price, however, as investors are focused more on future possibilities from artificial intelligence ventures such as Robotaxi and Optimus, the analysts said.

UBS said that based on recent feedback from investors, updates on Robotaxi and Optimus have been slower than expected.

Analysts said that while sentiment will continue to overwhelmingly drive Tesla's stock relative to factors like deliveries, it is primarily the auto business that helps fund the company's cash flow.

The company is expected to report its Q1 deliveries on April 2, analysts said.

UBS has a sell rating on the stock and a $352 price target.

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