On the eve of Tesla's first-quarter earnings report, its stock price plummeted by nearly 6%, prompting analysts to voice concerns over potential brand damage. The stock closed at $227.50, hovering just $6 above its year-to-date low. March marked Tesla's worst quarter since 2022, with a cumulative year-to-date decline of 44%. Additionally, the company has witnessed 12 single-day drops exceeding 5% this year.