What's Going On With Tesla Stock?

Tesla Inc TSLA shares are trading lower Monday. The EV company reported first-quarter production and delivery numbers over the weekend.

The Details: Tesla said it produced 440,808 vehicles in the first quarter, up from 439,701 last quarter. The EV maker delivered 422,875 vehicles in the quarter, up from 405,278 in the previous quarter. 

Tesla produced 421,371 Model 3 and Model Y vehicles and a little less than 20,000 Model S and Model X vehicles. The company delivered more than 412,000 Model 3 and Ys and delivered 10,695 Model S and X vehicles.

Following the production and delivery update, Goldman Sachs analyst Mark Delaney maintained Tesla with a Buy rating and raised the price target from $200 to $225.

Tesla also announced that it will report first-quarter financial results after the market close on April 19. The EV company is expected to report quarterly earnings of 86 cents per share on revenue of $23.59 billion, according to estimates from Benzinga Pro.

See Also: Tesla's Texas Triumph: 4,000 Model Ys Produced In A Week

TSLA Price Action: Tesla has a 52-week high of $384.15 and a 52-week low of $101.81.

The stock was down 3.21% at $200.80 at time of publication, according to Benzinga Pro.

Photo: courtesy of Tesla.