Tesla stock is slumping into the weekend

Blame tariffs, protests, and Q1 delivery estimates.

3/28/25 2:30PM

Tesla’s stock is down 3.3% today. And while, as we’ve mentioned before, the stock doesn’t really need specific reasons to jump up or down, three factors are likely weighing on it ahead of the weekend.

1) Trump tariffs are going to hurt Tesla, too

While Tesla is more sheltered from President Trump’s auto tariffs than other car companies because it domestically manufactures its electric vehicles sold in the US, levies on parts it imports are certainly going to take a toll. Tariffs negatively affect the company’s aim to lower prices and raise margins. Don’t believe us? CEO Elon Musk, Tesla leadership, and the biggest Tesla bull out there, Wedbush Securities analyst Dan Ives, have all said so.

2) Protests are scheduled at Tesla locations around the country Saturday

While it might be tough to put an exact number on how damaging the recent string of Tesla protests have been to the brand’s bottom line, having people picketing out front of hundreds of Tesla locations nationewide this weekend doesn’t seem like it’s going to help. An FBI task force to “crack down on violent Tesla attacks” also doesn’t breed brand confidence. Already, Americans’ impression of the company is at an all-time low, following Musk’s forays into American politics. The vast majority of people are aware of the brand, but don’t want to buy it. And the number of used Teslas listed for sale has jumped 33% this year.

3) It reports Q1 deliveries next week and they’re expected to sting

Tesla is scheduled to report Q1 deliveries before market opening next Wednesday, April 2, and by most accounts vehicle sales are not headed toward Tesla’s promised “return to growth.” A Tesla-compiled list of analyst estimates pegs deliveries at 377,000, down from last year’s 387,000 first-quarter deliveries. Estimates this week from Wedbush and Deutsche Bank are even lower, predicting up to an 11% year-on-year decline.

Rani Molla

Takes two to Taxi

Tesla Robotaxi expands to 2 new cities, but it looks like there’s just 1 driverless car in each

There’s an unsupervised Tesla Robotaxi service in both Houston and Austin, but, with just one vehicle so far in each city, it will be difficult to find.

Jon Keegan4/17/26

Anthropic launches “Claude Design,” sending shares of Figma and Adobe down

Anthropic has been slowly and steadily gaining a leading share in the enterprise AI market by focusing on coding, spreadsheets, and other common productivity and workplace apps.

Now it’s going after design apps.

Today Anthropic launched Claude Design, a dedicated app powered by its latest model, Claude Opus 4.7, that lets users use text prompts to build website designs, user interface prototypes, presentations, and marketing materials.

Shares of Figma and Adobe sank on the news.

While Claude has previously had the ability to create designs and user interfaces, breaking it out into a dedicated app signals a major new piece of its enterprise strategy alongside its popular Claude Code product.

Introducing Claude Design by Anthropic Labs

Shares of Figma and Adobe sank on the news.

Rani Molla4/17/26

Apple’s China iPhone shipments surged 20% in Q1 even as overall smartphone shipments fell

Apple’s iPhone shipments in China jumped 20% last quarter, even as the country’s overall smartphone market fell 4%, according to new data from Counterpoint Research. Rising memory costs have pushed prices higher across the industry, weighing on demand.

Apple appears poised to ride out the broader smartphone slump. Its strength at the less price-sensitive high end of the market and its unusual leverage over suppliers, which helps keep costs in check, give it an edge over rivals.

Greater China remains a critical region for Apple, making up about 18% of its total revenue in the fourth quarter. The company accounted for 19% of China’s smartphone market in the first quarter, up from 15% a year earlier, per Counterpoint.

Rani Molla4/16/26

Anthropic has surged past OpenAI in capturing business spending on generative-AI software

Last quarter, Anthropic attracted the lion’s share of trackable business spending on generative-AI software, according to new data from Ramp, a fintech company that provides corporate cards and expense management software for small firms and Fortune 500 companies alike.

The data showed that in the first quarter, Anthropic saw 37% of spending, its biggest share yet, versus 33% for OpenAI. Notably, the dataset doesn’t capture spending by Google or Microsoft.

OpenAI, which makes ChatGPT, still leads in overall adoption at 81% of AI buyers, but Anthropic is catching up, at nearly 63% in March. Overall, more than half of Ramp’s customers currently pay for AI, up from just 18% two years ago.

Anthropic’s enterprise tools, including Claude Code and Cowork, have been making waves among the business class, sending its revenue soaring.

Anthropic’s revenue share is even higher among companies spending on AI for the first time.

“Anthropic has definitely been on a tear,” Ara Kharazian, Ramp’s economist, told Sherwood News. “Its increase in adoption rates has been driven by its ability to sell to less technical users and smaller contracts than it typically has.”

It’s notable that midway through the first quarter, Anthropic had a falling-out with one of its biggest customers, the US government, which near the end of February decided to shun Anthropic’s products and lean into working with OpenAI.

Jon Keegan

4/16/26

Anthropic releases Claude Opus 4.7, with better coding, better vision, and occasional doom loops

The incremental update of Anthropic’s most capable public model includes steady improvements to coding and new ways to blow past your token budget.