Tesla’s delivery report is just around the corner. Expect a sales drop.

Tesla is set to release its quarterly delivery figures on Friday, a report that has historically served as a key gauge of demand for its electric vehicles. This time, expectations point to a decline in sales, reflecting a broader slowdown in EV demand and intensifying competition from rival automakers.

Notably, investor attention has shifted away from Tesla's core car business toward its ambitions in autonomy, robotics, and energy storage. Even so, the delivery report retains the potential to move the stock, since it offers one of the few hard data points on how the company's primary revenue driver is performing.

What to watch: whether the reported figures land above or below consensus estimates, and how management frames any shortfall. Commentary on pricing, incentives, and production levels may matter as much as the headline number itself. For now, the report stands as a reminder that Tesla's automotive business still anchors its financial results, even as the market narrative increasingly looks elsewhere.