Tuesday’s report follows Tesla’s far weaker than expected Q1 vehicle deliveries out earlier this month which signaled its financials may also leave room for improvement, as the company delivered 337,000 vehicles during the quarter, its worst vehicle delivery growth since 2022 and coming in 17% below consensus analyst delivery forecasts.

Hundreds of protests at Tesla showrooms have also weighed on the company. Under the banner of a “Tesla Takedown,” opponents of Musk and Trump’s government policies have targeted the company to try to gain leverage over Musk, and demonstrators have continued to swarm Tesla locations, especially on weekends.